Calls Purchased on Republic Airways Holdings Inc.

Shares of Republic Airways Holdings Inc. RJET are higher on the session by 0.68%, currently trading at $4.44. The stock has been moving largely lower over the past five 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 November 2011 $5.00 call was purchased 2,500 times, on the offer, on open interest of 24,968 contracts. Overall call volume is now running at 4.10x the daily average with 66% of all calls traded being purchases on the offer. Republic Airways Holdings Inc. offers scheduled passenger services through its wholly owned operating subsidiaries: Chautauqua Airlines, Inc., Shuttle America Corporation, Republic Airline Inc., Frontier Airlines, Inc., and Lynx Airlines, Inc.