Calls Active In American Eagle Outfitters (AEO)

With no fresh news though a rumor of private equity have sent options traders after American Eagle

calls. The stock is nearly flat on the day (up 8c to 16.14) with average volume for this time of the day. Options traders focused on the November 17 calls with nearly 3600 trading vs only 1000 puts. Volatility is slightly elevated in front month strikes to the 67 level. Out of the money call buying is indicative of futre upside speculation. Day's Range: 16.03 - 16.32 52wk Range: 11.35 - 19.64