Calls Purchased on Eagle Bulk Shipping (EGLE)

Shares of Eagle Bulk Shipping

are higher on the session by 4.22%, currently trading at $5.68. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.13x the daily average with 91% of all calls traded being purchases on the offer. Traders are buying the $5.00 and $6.00 calls in multiple months. Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with emphasis on the Supramax class of vessels.