Notable Call Options Activity in PHH

Shares of PHH

are lower on the session by 13.56%, currently trading at $39.84. The stock has been moving largely higher over the past two 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 April 2012 $12.50 call, which has traded 11,000 times on open interest of 0 contracts. The May2012 $15.00 call also traded 11,000 times on 11,038 contracts. The spread traded for $0.85. Calls are outpacing puts today by 50 to 1. PHH Corporation is an outsource provider of mortgage and fleet management services. PHH operates in three segments: Mortgage Production, Mortgage Servicing and Fleet Management Services.