Calls Purchased on Wyndham Worldwide Corporation (WYN)
October 22, 2010 11:47 AM
Shares of Wyndham Worldwide Corporation (NYSE: WYN) are higher on the session by 1.17%, currently trading at $29.47. The stock has been moving largely higher over the past four months and is currently trending higher above the 50-day and 200-day moving averages. First resistance is at the 52-week high, $29.77.
Options traders are buying calls on the name today. A short while ago the November $30.00 call was purchased 1,600 times, on the offer, on open interest of 5,032 contracts.
Overall call volume is now running at 3.54x the daily average, 96% on the offer.
Wyndham Worldwide Corporation is a hospitality company, which offers individual consumers and business customers a range of hospitality products and services across various accommodation alternatives and price ranges through its portfolio of brands. The company operates in three segments: Lodging, Vacation Exchange and Rentals and Vacation Ownership.
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