Calls Purchased on Pacific Sunwear (PSUN)

Shares of Pacific Sunwear of California Inc. PSUN are lower on the session by 1.48%, currently trading at $3.99. The stock has been moving largely higher over the past four weeks and has rallied above the 50-day moving average. Options traders are buying calls on the name today. The September $5.00 call was purchased 1,000 times, on the offer, for $0.15 earlier in the session; open interest on the strike is 4,312 contracts. Call volume is now running at 5.07x the daily average. Pacific Sunwear of California, Inc. is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.