Calls Purchased on Chiquita Brands International, Inc. (CQB)

Shares of Chiquita Brands International, Inc. CQB are higher on the session by 2.78%, currently trading at $13.33. The stock has been moving largely sideways for the past five months, hovering around the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the February 2011 $20.00 call was purchased 14,000 times, on the offer, on open interest of only 333 contracts. This signals new positioning on the name. Overall call volume is now running at 56.89x the daily average with 97% of all calls traded being purchases on the offer. Chiquita Brands International, Inc., along with its subsidiaries, is a marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other names, and of packaged salads sold under the Fresh Express and other names primarily in the United States. The company produces on its own farms approximately 30% of the bananas it markets, and purchases the remainder of the bananas and the lettuce and other fresh produce from third-party suppliers worldwide.