Notable Call Options Activity in Rediff.com

Shares of Rediff.com

are higher on the session by 7.64%, currently trading at $6.76. 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 November 2011 $7.50 call traded 500 times on open interest of 70 contracts. Calls are outpacing puts today. Rediff.com India Limited along with its subsidiaries, is engaged in business of providing online Internet based services, focusing on India and the global Indian community.