Calls Purchased on Office Depot, Inc.

Shares of Office Depot, Inc. ODP are lower on the session by 1.67%, currently trading at $3.54. The stock has been moving largely lower over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the October 2011 $4.50 call was purchased 9,000 times, on the offer, on open interest of 2,948 contracts. Overall call volume is now running at 4.34x the daily average with 92% of all calls traded being purchases on the offer. Office Depot, Inc. is a global supplier of office products and services. The company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.