Notable Call Options Activity in DineEquity

Shares of DineEquity (NYSE: DIN) are lower on the session by 1.34%, currently trading at $39.62. 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 $40 call traded 1,000 times on open interest of 67 contracts.

Calls are outpacing puts today by 100 to 1.

DineEquity, Inc. owns and operates two restaurant concepts: Applebee's Neighborhood Grill and Bar in the bar and grill segment of the casual dining category of the restaurant industry, and International House of Pancakes in the family dining category of the restaurant industry.