Calls Purchased on ConAgra Foods (CAG)

Shares of ConAgra Foods

are higher on the session by 1.03%, currently trading at $22.64. The stock has been moving largely higher over the past three months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $24.00 call was purchased 3,200 times, on the offer, on open interest of 5,638 contracts. Overall call volume is now running at 2.28x the daily average with 97% of all calls traded being purchases on the offer. ConAgra Foods, Inc. is a food company. The company operates in two segments: Consumer Foods and Commercial Foods. On April 12, 2010, the company acquired Elan Nutrition, Inc., a privately held formulator and manufacturer of snack and nutrition bars.