Upside Purchased on Brinks (BCO)

Shares of Brinks Co. BCO are flat on the session, currently trading $19.19. The stock has been falling sharply over the past seven weeks, off from a high of $29.50. Options traders are betting that the slide in the name is over and are picking up some calls on the name. The July $20 call was purchased on the offer 1,100 times for $1.40 a short while ago; there was no open interest on the strike. Call volume is running at 32.77x the daily average. The Brink's Company is a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide.