Calls Purchased on Carnival Corporation

Shares of Carnival Corporation CCL are higher on the session by 0.58%, currently trading at $17.48. The stock has been moving largely lower over the past six 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 $38.00 call traded 7,000 times on open interest of 3,299 contracts. Overall call volume is now running at 5.24x the daily average with 95% of all calls traded being purchases on the offer. Carnival Corporation is a cruise and vacation company. The company has a portfolio of cruise brands and is a provider of cruises to vacation destinations.