Calls Purchased on Sysco Corp. (SYY)

Shares of Sysco Corp. SYY are lower on the session by 0.67%, currently trading at $30.94. The stock has been moving largely higher over the past six months, though has had trouble around the $31.00 level a number of times. Options traders are buying calls today, betting that the stock breaks out to the upside. The August $30.00 call was purchased 1,000 times, on the offer, a short while ago; open interest on the strike is 7,918 contracts. Call volume is currently running at 2.4x the daily average. Sysco Corporation, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. It provides products and related services to approximately 400,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.