Calls Purchased on Overstock (OSTK)

Shares of Overstock.com OSTK are higher on the session today by 0.91%, currently trading $23.26. The stock is also seeing call buying in the name today as well with the June $30 call purchased on the offer over 2,000 times. Open interest on the strike is currently 1,187 contracts; this suggests that today’s action is new, bullish positioning. Today’s action in Overstock.com has pushed the call volume to 3.03x the daily average. Overstock.com, Inc. is an online retailer offering closeout and discount brand and non-brand name merchandise.