Calls Purchased on RAIT Financial Trust (RAS)

Shares of RAIT Financial Trust RAS are lower on the session by 5.35%, currently trading at $2158. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the October 2011 $1.00 call was purchased 970 times, on the offer, on open interest of only 5 contracts. This signals new positioning on the strike. Overall call volume is now running at 3.07x the daily average with 75% of all calls traded being purchases on the offer. RAIT Financial Trust is a self-managed and self-advised real estate investment trust. The company offers a set of debt financing options to the commercial real estate industry along with fixed income trading and advisory services. It also owns and manages a portfolio of commercial real estate properties and manages real estate-related assets for third parties.