Shares of Charles Schwab Corp. SCHW are higher on the session by 0.43%, currently trading at $14.17. The stock has been trading sharply lower over the past three months, off from recent highs near $20.00.
Options traders are betting that the stock can rally from these levels. The July $15.00 call was purchased, on the offer, 4,900 times on open interest of 6,186 contracts and the December $15.00 call was purchased, on the offer, 5,120 times on open interest of just 124 contracts.
Call volume is now running at 4x the daily average.
The Charles Schwab Corporation is a financial holding company. Through its subsidiaries, the company engages in securities brokerage, banking and related financial services. As of December 31, 2009, CSC provided financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services.
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