Notable Call Options Activity in The Cheesecake Factory
Shares of The Cheesecake Factory (NASDAQ: CAKE) are higher on the session by 1.99%, currently trading at $29.78. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $31.00 call, which has traded 1,260 times on open interest of 359 contracts.
Calls are outpacing puts today by 14 to 1.
The Cheesecake Factory Incorporated is engaged in restaurant and bakery businesses. As of February 23, 2011, it operated 164 upscale, casual, full-service dining restaurants: 150 under The Cheesecake Factory mark; 13 under the Grand Lux Cafe mark, and one under the RockSugar Pan Asian Kitchen mark.
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