Calls Purchased on Jo-Ann Stores, Inc. (JAS)

Shares of Jo-Ann Stores, Inc. JAS are higher on the session by 0.80%, currently trading at $44.06. The stock has been moving largely higher over the past two months after double bottoming at $36.00. Shares are currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the November $45.00 call was purchased 1,000 times, on the offer, for $1.15 on open interest of only 830 contracts. This signals new positioning on the name. Overall call volume is now running at 9.31x the daily average with 99% of all calls traded being purchases on the offer. Jo-Ann Stores, Inc. is a specialty retailer of fabrics and crafts. The company's retail stores and website feature a range of merchandise used in sewing, crafting and home decorating projects, including fabrics, notions, crafts, frames, paper crafting material, artificial floral, home accents, finished seasonal and home decor merchandise.