Calls Purchased on FTI Consulting, Inc. (FCN)

Shares of FTI Consulting, Inc. FCN are lower on the session by 4.03%, currently trading at $38.85. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $40.00 call was purchased 1,000 times, on the offer, for $1.00 on open interest of only 382 contracts. Overall call volume is now running at 5.58x the daily average with 67% of all calls traded being purchases on the offer. FTI Consulting, Inc. is a global business advisory firm. The company assists its customers in addressing a range of business challenges, such as restructuring, financing and credit issues and indebtedness, interim business management, forensic accounting and litigation services, mergers and acquisitions (M&A), antitrust and competition matters, electronic discovery, management and retrieval of electronically stored information, reputation management and strategic communications.