Family Dollar Rises; Calls Active (FDO)

Shares of Family Dollar Stores Inc. FDO are running higher today by 3.27% to $41.36. The stock is now trading at a fresh 52-week high. Options action is heating up in the name as well with calls favored in today’s trade. The May $41 calls have traded 3,700 times on open interest of 4,690 contracts in addition to the June $42 call, which has traded 2,159 times on open interest of 305 contracts. In a weak and uncertain market, stocks like FDO are in demand. Family Dollar Stores, Inc. operates a chain of more than 6,600 general merchandise retail discount stores in 44 states, providing consumers with a selection of merchandise in neighborhood stores.