Calls Sold on State Street Corp. (STT)

Shares of State Street Corp. STT are higher on the session by 10.68%, currently trading at $36.90. The stock has been trading largely lower over the past three months, off from recent highs near $48.50. The stock is surging higher today on better-than-expected earnings, as well as some upgrades. Call volume is running at 2.6x the daily average today, with sales accounting for the vast majority of transactions. It appears that traders are taking advantage of the increased options premiums. The July $32.00, $35.00, and $37.00 calls were all sold over 1,000 times. State Street Corporation is a financial holding company. The company, through its subsidiaries, including its banking subsidiary, State Street Bank and Trust company, provides products and services for institutional investors worldwide. It has two lines of business: Investment Servicing and Investment Management.