Calls Purchased on TCF Financial Corporation (TCB)

Shares of TCF Financial Corporation TCB are higher on the session by 0.89%, currently trading at $15.88. 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 April 2011 $16.00 call was purchased 1,500 times, on the offer, on open interest of 3,194 contracts. Overall call volume is now running at 2.87x the daily average with 97% of all calls traded being purchases on the offer. TCF Financial Corporation is a financial holding company. The company's subsidiary is TCF National Bank. TCF Bank operates bank branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota.