Upside Purchased on Tractor Supply (TSCO)

Shares of Tractor Supply Company TSCO are lower on the session by 1.33%, currently trading at $60.65. The stock had been trading sideways for the past three months, but has begun to sell off as of late. The stock is now nearing the 200-day moving average. Options traders are buying calls on the name today. The July $65.00 call was purchased 2,100 times, on or near the offer, on open interest of only 1,911 contracts. This suggests new, bullish positioning on the strike. Call volume is now running at 5x the daily average. Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The company operates retail stores under the names Tractor Supply Company and Del's Farm Supply; they also operate a website under the name TractorSupply.com.