Calls Purchased on Smithfield Foods (SFD)

Shares of Smithfield Foods Inc. SFD are higher on the session by 3.49%, currently trading at $15.40. The stock has been trading largely lower over the past three months, though it is now trading near support at $15.00. Options traders are buying calls on the stock today. Though action has been primarily in small lots, call volume is now running at 3x the daily average. Traders are focusing in on the $15.00, $16.00, and $17.50 strike calls in multiple months. Smithfield Foods, Inc., together with its subsidiaries, engages in the production and marketing of fresh meat and packaged meat products in the United States and internationally. It involves in the production of hog, processing of pork, production of turkey, and live cattle operations.