Calls Purchased on Lawson Software Inc. (LWSN)
August 20, 2010 12:57 PM
Shares of Lawson Software Inc. (NASDAQ: LWSN) are flat on the session, currently trading at $7.54. The stock has been moving largely sideways for the past four months, though it is currently trading under the 50-day moving average.
Options traders are buying calls on the stock today. The November $10.00 call was purchased 2,100 times, on the offer, a short while ago; open interest on the strike is 13,896 contracts. Call volume is currently running at 9.14x the daily average.
Lawson Software, Inc. is a provider of enterprise software, services and support targeting customers in specific industries, including equipment service management and rental, fashion, food and beverage, healthcare, manufacturing and distribution, public sector, and service industries, as well as the horizontal market for the strategic human capital management product line.
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