Notable Call Options Activity in Rite Aid
Shares of Rite Aid (NYSE: RAD) are higher on the session by 2.41%, currently trading at $1.70. 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 July 2012 $3.00 call, which has traded 2,050 times on open interest of 82 contracts. The Apr2012 $2 and $3 calls are also active.
Calls are outpacing puts today by 38 to 1.
Rite Aid Corporation is a retail drugstore chain in the United States. The company operates its drugstores in 31 states across the country and in the District of Columbia. As of February 26, 2011, it operated 4,714 stores.
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