Calls Purchased on Sara Lee Corporation (SLE)

Shares of Sara Lee Corporation SLE are higher on the session by 0.06%, currently trading at $15.72. The stock has been moving largely higher over the past three months, rallying from a recent low near $13.20, and is currently trading 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 ~3,000 times, on the offer, on open interest of 11,227 contracts. Overall call volume is now running at 2.31x the daily average with 80% 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