Calls Purchased on Borders Group (BGP)

Shares of Borders Group BGP are higher on the session by 41.68%, currently trading at $1.53. The stock has been moving largely lower over the past six months, though it is now trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 2011 $2.00 call was purchased 1,000 times, on the offer, on no prior open interest. This signals new positioning on the name. Overall call volume is now running at 95.13x the daily average with 94% of all calls traded being purchases on the offer. Borders Group, Inc. is an operator of book, music and movie superstores and mall-based bookstores. As of January 30, 2010, Borders operated 511 superstores under the Borders name, including 508 in the United States and three in Puerto Rico.