Calls Purchased on Automatic Data Processing (ADP)

Shares of Automatic Data Processing ADP are lower on the session by 1.13%, currently trading at $45.31. The stock has been moving largely higher over the past three months, rallying from a recent low near $38.50 and above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $46.00 call was purchased 4,500 times, on the offer, on open interest of 5,233 contracts. Overall call volume is now running at 2.93x the daily average with 97% of all calls traded being purchases on the offer. Automatic Data Processing, Inc. is engaged in providing business outsourcing solutions. ADP offers a range of human resource, payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, truck, motorcycle, marine, recreational vehicle and heavy machinery dealers worldwide