Calls Purchased on Sanderson Farms

Shares of Sanderson Farms SAFM are lower on the session by 0.67%, currently trading at $45.99. The stock has been moving largely higher over the past six weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $50.00 call traded 1,300 times on open interest of 1,341 contracts. Overall call volume is now running at 4.66x the daily average with 94% of all calls traded being purchases on the offer. Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. In addition, the company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc.