Calls Purchased on State Street (STT)

Shares of State Street Corp. STT are higher on the session by 2.50%, currently trading at $35.67. The stock has been running largely lower over the past two months and is now trading below both the 50-day and 200-day moving averages. Options traders are picking up some calls on the name today, though. The August $43 strike was purchased, on the offer, 3,250 times; open interest is currently at 4,623 contracts. State Street Corporation is a financial holding company. The company, through its subsidiaries, including its banking subsidiary, State Street Bank and Trust Company, provides products and services for institutional investors worldwide. It has two lines of business: Investment Servicing and Investment Management.