Calls Sold on Americredit Corp. (ACF)

Shares of Americredit Corp. ACF are flat on the session, currently trading at $23.92. The company announced yesterday that they would be acquired by General Motors. Options traders are selling calls on the name today. The January 2011 $25.00 call was sold, on the bid, 3,150 times a short while ago. Open interest on the strike is 5,899 contracts, which may signal that a long call position was closed. Call volume is currently running at 2.5x the daily average. AmeriCredit Corp. is an auto finance company operating in the automobile finance business. The company purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in its dealership network.