Calls Sold on Safeway (SWY)

Shares of Safeway Inc. SWY are lower on the session today by 0.31%, currently trading $22.25. The stock has been trending lower for the past few weeks and it is now fully below the 200-day moving average. Though the stock looks like it may find support around $21, options traders are betting that a bounce from there would be muted. The June $20 call was sold 7,500 times for $2.50 and the January $20 call was sold 7,500 times for $3.70. Volume did not exceed open interest on either strike, which suggests that positions were closed. Safeway Inc. is a food and drug retailer. During the fiscal year ended January 2, 2010 (fiscal 2009), the Company operated 1,725 stores.