Calls Purchased on Career Education Corporation

Shares of Career Education Corporation CECO are higher on the session by 2.98%, currently trading at $22.14. The stock has been moving largely sideways over the past four months and is currently consolidating around the 200-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $23.00 call was purchased 4,000 times, on the offer, on open interest of 722 contracts. Overall call volume is now running at 6.55x the daily average with 72% of all calls traded being purchases on the offer. Career Education Corporation, through colleges, schools and universities that are part of the CEC family, offers education to a diverse student population of over 116,000 students in a variety of career-oriented disciplines.