Calls Sold on Bunge (BG)

Shares of Bunge Limited Co. BG are higher on the session by 1.47%, currently trading at $50.99. The stock has been falling sharply as of late and is trading below both the 50-day and 200-day moving averages. Options traders are betting that any rally in the stock will be muted as they are selling calls today. The October $60 call was sold in several large blocks this afternoon, with volume totaling over 2,200 contracts. Open interest on the strike is only 394 contracts, which signals new bearish activity on the line. Call volume is running at 2.19x the daily average. Bunge Limited is a global agribusiness and food company operating in the farm-to-consumer food chain. The Company is engaged in oilseed processing, producing and supplying of fertilizer to farmers in South America and selling of packaged vegetable oils worldwide.