Calls Purchased on bebe stores, Inc.

Shares of bebe stores, Inc. BEBE are lower on the session by 1.70%, currently trading at $6.37. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $7.00 call was purchased 2,000 times, on the offer, on open interest of 526 contracts. Overall call volume is now running at 19.30x the daily average with 81% of all calls traded being purchases on the offer. bebe stores, Inc. designs, develops and produces a line of contemporary women's apparel and accessories. The company's product offering includes a range of separates, tops, dresses, active wear and accessories in the lifestyle categories, such as career, evening, casual and active.