Calls Purchased on ING Groep N.V. (ING)

Shares of ING Groep N.V. ING are higher on the session by 0.23%, currently trading at $12.90. 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 April 2011 $13.00 call was purchased 2,000 times, on the offer, on open interest of 8,154 contracts. Overall call volume is now running at 3.35x the daily average with 94% of all calls traded being purchases on the offer. ING Groep N.V. is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. It operates in six business segments: Retail Banking, ING Direct, Commercial banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific.