Calls Purchased on iStar Financial Inc. (SFI)

Shares of iStar Financial Inc. (NYSE: SFI) are higher on the session by 4.18%, currently trading at $4.24. The stock has been moving largely lower over the past six months, though it recently jumped above the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the December $5.00 call was purchased 1,100 times, on the offer, on open interest of only 540 contracts. This signals new positioning on the strike. The Dec $6.00 call was also purchased 2,200 times on open interest of 15 contracts.

Overall call volume is now running at 2.75x the daily average, with 91% of all calls traded being purchases on the offer.

iStar Financial Inc. is a finance company focused on the commercial real estate industry. The company primarily provides financing to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity.

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