Calls Purchased on Skechers

Shares of Skechers SKX are higher on the session by 23.57%, currently trading at $17.67. The stock has been moving largely lower over the past five months, though it is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $17.00 call traded 1,700 times on open interest of 37 contracts. Overall call volume is now running at 4.61x the daily average with 68% of all calls traded being purchases on the offer. Skechers U.S.A., Inc. designs and markets Skechers-branded lifestyle footwear for men, women and children under several lines.