Calls Purchased on PetSmart, Inc. (PETM)

Shares of PetSmart, Inc. PETM are higher on the session by 1.77%, currently trading at $40.73. The stock has been moving largely higher over the past six months, but it 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 April 2011 $40.00 call was purchased 1,250 times, on the offer, on open interest of 1,484 contracts. Overall call volume is now running at 13.17x the daily average with 100% of all calls traded being purchases on the offer. PetSmart, Inc. is a specialty provider of products, services and solutions for the lifetime needs of pets. The company offers a line of products for all the life stages of pets, and offers various pet services, including professional grooming, training, boarding and day camp.