Calls Purchased on People's United Financial (PBCT)

Shares of People's United Financial PBCT are higher on the session by 0.72%, currently trading at $12.61. The stock has been moving largely lower over the past six months and is currently trending lower below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $13.00 call was purchased 1,220 times, on the offer, for $0.15 on open interest of only 196 contracts. This signals new positioning on the strike. Overall call volume is now running at 3.54x the daily average with 100% of all calls traded being purchases on the offer. People's United Financial, Inc. is a savings and loan holding company. The principal business of People's United Financial is to provide, through People's United Bank and its subsidiaries, commercial banking, retail and small business banking, and wealth management services to individual, corporate and municipal customers.