Calls Purchased on the DB Agriculture Fund (DBA)

Shares of The PowerShares DB Agriculture Fund DBA are higher on the session by 0.48%, currently trading at $24.91. The stock has been moving largely higher over the past six weeks and has formed a new technical uptrend. Options traders are buying calls on the name today, betting that the rally may continue. The October $27.00 call was purchased 2,000 times, on the offer, on open interest of 18,862 contracts and the January 2011 $25.00 call was purchased 3,000 times, on the offer, on open interest of 11,808 contracts. Call volume is now running at 2.6x the daily average. The PowerShares DB Agriculture Fund seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture Excess Return. The index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities—corn, wheat, soy beans and sugar. The index is intended to reflect the performance of the agricultural sector.