Calls Purchased on Capella Education Company (CPLA)
October 21, 2010 3:07 PM
Shares of Capella Education Company (NASDAQ: CPLA) are lower on the session by 0.64%, currently trading at $66.80. The stock has been moving largely lower over the past six months and is trending toward its 52-week low below the 50-day and 200-day moving averages.
Options traders are buying calls on CPLA today. A short while ago the November $70.00 call was purchased 1,600 times, on the offer, on open interest of only 180 contracts. This signals new positioning on the name.
Overall call volume is now running at 9.12x the daily average, 98% on the offer.
Capella Education Company is an online postsecondary education services company. Through its wholly owned subsidiary, Capella University, the company offers a variety of doctoral, master's and bachelor's programs.
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