Calls Purchased on Banco Santander (STD)

Shares of Banco Santander SA STD are higher on the session by 7.32%, currently trading at $12.32. The stock has been trading largely lower for the past six months, but appears to be making a turn as of late. The chart looks to have made a reverse head-and-shoulders bottom. Options traders are buying some calls on the name today. The July $12.50 call was purchased 4,400 times, on or near the offer, on open interest of 4,279 contracts. This appears to be fresh call buying and not closing transactions. Call volume is now running at 2.07x the daily average. Banco Santander, S.A. is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products. It operates in four segments: Continental Europe, United Kingdom, Latin America and Sovereign.