Calls Purchased on Sotheby’s (BID)

Shares of Sotheby’s BID are higher on the session by 2.53%, currently trading at $27.73. The stock has been moving largely lower over the past three months, off from recent highs near $39.00. Options traders are buying calls on the name today. The August $30 call was purchased 2,200 times, on the offer, earlier in the session; open interest on the name is 1,561 contracts. Call volume is now running at 5.94x the daily average. Sotheby's is an auctioneer of authenticated fine and decorative art, jewelry and collectibles. Sotheby's operations are organized under three segments: Auction, Finance and Dealer.