Calls Purchased on ConAgra Foods (CAG)

Shares of ConAgra Foods CAG are lower on the session by 0.77%, currently trading at $23.19. The stock has been moving largely higher over the past four 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 2012 $25 call was purchased 5,000 times, on the offer, for $0.80 on open interest of 11,264 contracts.

Overall call volume is now running at 2.71x 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.