Calls Purchased on The Scotts Miracle-Gro Company (SMG)

Shares of The Scotts Miracle-Gro Company SMG are higher on the session by 2.28%, currently trading at $54.25. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the March 2011 $45.00 call was purchased 6,000 times, on the offer, on open interest of 3,060 contracts. The Mar $55 call also traded 2,200 times on open interest of 619 contracts. Overall call volume is now running at 15.47x the daily average with 93% of all calls traded being purchases on the offer. The Scotts Miracle-Gro Company, along with its subsidiaries, is engaged in the manufacturing, marketing and sale of lawn and garden care products, with products for professional horticulture as well.