Notable Call Options Activity in Sotheby's

Shares of Sotheby's

are lower on the session by 2.49%, currently trading at $34.02. The stock has been moving largely lower over the past three months and it is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $40.00 call traded 1,100 times on open interest of 406 contracts. Calls are outpacing puts today by 13 to 1. Sotheby's is an auctioneers of authenticated fine and decorative art, jewelry and collectibles. Sotheby's operations are organized under three segments: Auction, Finance and Dealer.