Calls Purchased on Sara Lee Corporation (SLE)

Shares of Sara Lee Corporation SLE are higher on the session by 1.59%, currently trading at $15.30. The stock had been moving largely higher over the past two months after testing the 200-day moving average. SLE is currently consolidating higher, above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $16.00 call was purchased 2,000 times, on the offer, on open interest of 10,529 contracts. The Jan 2011 $17.50 call was also purchased 1,000 times on open interest of 1,921 contracts. Overall call volume is now running at 2.00x the daily average with 85% of all calls traded being purchases on the offer. Sara Lee Corporation is a global manufacturer and marketer of brand-name products for consumers throughout the world focused primarily on the meats, bakery, beverage and household products categories. The company's major brands include Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Senseo and its namesake, Sara Lee.