Shares of Skechers U.S.A. SKX are higher on the session by 0.07%, currently trading at $14.49. 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 October 2011 $15.00 call traded 2,000 times on open interest of 1,660 contracts.
Overall call volume is now running at 3.85x the daily average with 96% of all calls traded being purchases on the offer.
Skechers U.S.A., Inc. design and market Skechers-branded contemporary footwear for men, women and children under several lines. addition to Skechers-branded lines, the company also offers several designer, fashion and street-focused footwear lines for men, women and children.
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