Calls Purchased on TCF Financial Corporation (TCB)

Shares of TCF Financial Corporation TCB are lower on the session by 0.14%, currently trading at $14.32. The stock has been moving largely lower over the past six months, and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the January 2011 $15.00 call was purchased 1,000 times, on the offer, for $0.45 on open interest of 3,131 contracts. Overall call volume is now running at 2.55x the daily average with 98% of all calls traded being purchases on the offer. TCF Financial Corporation is a financial holding company. The company's subsidiary is TCF National Bank. TCF Bank operates bank branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota (TCF's primary banking markets).