Calls Purchased on China Security & Surveillance Technology (CSR)

Shares of China Security & Surveillance Technology CSR are higher on the session by 7.87%, currently trading at $4.66. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $5.00 call was purchased ~900 times, on the offer, on open interest of only 576 contracts. Overall call volume is now running at 2.93x the daily average with 87% of all calls traded being purchases on the offer. China Security & Surveillance Technology, Inc. is engaged through its indirect Chinese subsidiaries, in the manufacturing, distributing, installing, and servicing of surveillance and safety products and systems and developing surveillance and safety related software in China.