Calls Purchased on Total System Services (TSS)
August 24, 2010 1:05 PM
Shares of Total System Services, Inc. (NYSE: TSS) are lower on the session by 1.09%, currently trading at $14.00. The stock has been moving largely lower over the past six months, off from recent highs near $16.75. The stock is now trading below the 50-day moving average.
Options traders are buying calls on the name today, betting that the stock can rally from here. The October $15.00 call was purchased, on the offer, for $0.30 a short while ago; there was no open interest on the strike.
Call volume is now running at 17.61x the daily average.
Total System Services, Inc. provides electronic payment processing and related services to financial and non-financial institutions throughout the United States and internationally. Electronic payment processing services include providing issuer processing services for consumer credit, retail, debit, stored value, government services and commercial card accounts.
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