Calls Purchased on The New York Times Company

Shares of The New York Times Company NYT are lower on the session by 4.04%, currently trading at $8.32. The stock has been moving largely higher over the past three months, but it is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $9.00 call traded 2,000 times on open interest of 0 contracts. Overall call volume is now running at 7.49x the daily average with 97% of all calls traded being purchases on the offer. The New York Times Company is a diversified media company that includes newspapers, digital businesses, investments in paper mills and other investments. The company's segments consist of the News Media Group and the About Group.