Bulls Check Out BKS

Shares of Barnes & Noble Inc. BKS are trading lower on the session by 1.70%, currently at $19.71. The stock recently fell trough the 50-day and 200-day moving averages, which is a bearish sign. One options trader is betting that the stock makes a run higher, however. The October $22.50 call was just purchased 1,050 times on the offer for $1.40; open interest on the strike is only 124 contracts, which means a new, bullish position was opened. Call volume is running at 2.09x the daily average in Barnes & Noble; 75% of all calls traded have been purchases on the offer.