Calls Purchased on H. J. Heinz Company (HNZ)

Shares of H. J. Heinz Company HNZ are lower on the session by 0.09%, currently trading at $49.81. The stock has been moving largely higher over the past six months 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 January 2013 $55.00 call was purchased 7,000 times, on the offer, on open interest of 7,149 contracts. Overall call volume is now running at 7.35x the daily average with 93% of all calls traded being purchases on the offer. H. J. Heinz Company, together with its subsidiaries, is engaged in manufacturing and marketing a range of food products globally. The company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products.