Notable Call Options Activity in Eagle Bulk Shipping

Shares of Eagle Bulk Shipping (NASDAQ: EGLE) are higher on the session by 4.48%, currently trading at $1.923. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are focusing on calls today. A short while ago the October 2011 $2.00 call traded 2,400 times on open interest of 417 contracts.

Calls are outpacing puts today by 65 to 1.

Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.