Calls Purchased on Developers Realty (DDR)

Shares of Developers Diversified Realty Co. DDR are higher on the session by 2.71%, currently trading $11.39. The stock has been drifting lower over the past ten weeks, though it is still trading above the 200-day moving averages. Options traders are picking up calls on the name today; the July $10 strike call was purchased 1,020 times earlier in the session. The transaction occurred on the ask price; open interest on the strike is 6,478 contracts. Call volume is running at 3.54x the daily average with 99% of all calls traded being purchases on the offer. Developers Diversified Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of owning, managing and developing a portfolio of shopping centers and, to a lesser extent, business centers.