American Eagle Pops; Calls Active (AEO)

Shares of American Eagle Outfitters

are higher on the session by 3.15%, currently trading at $15.38. The stock has been moving largely higher over the past three months, off of a base around $12.00. The stock has now regained the 18, 50, and 200-day moving averages. There has been some unconfirmed takeover chatter regarding AEO today with potential price targets in the low $20.00 range. Options traders are picking up calls on the name today, regardless. The October $16.00 strikes traded 4,700 times on open interest of 665 contracts, followed by the November $16.00 and $17.50 strikes, which traded 2,200 times and 1,900 times, respectively. 11,000 calls have traded within the first 30 minutes of trade versus only 1,000 puts. American Eagle Outfitters, Inc. offers on-trend clothing, accessories and personal care products. It operates under the American Eagle, aerie by American Eagle, 77kids by american eagle and MARTIN+OSA brands. As of January 30, 2010, it operated 938 American Eagle Outfitters stores in the United States and Canada, 137 aerie stand-alone stores and 28 MARTIN+OSA stores. For more great research like this, as well as how to play it through options…please visit

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