Calls Purchased on Chico's FAS (CHS)

Shares of Chico's FAS CHS are higher on the session by 2.25%, currently trading at $11.38. The stock has been moving largely higher over the past three months and is recently broke above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $12.00 call was purchased 2,000 times, on the offer, on open interest of 1,142 contracts. The January 2011 $10.00 and $11.00 calls are also seeing action, with 5,000 and 8,900 contracts traded, respectively. Overall call volume is now running at 2.80x the daily average with 75% of all calls traded being purchases on the offer. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House |Black Market and Soma Intimates brand names.