Calls Purchased on KeyCorp (KEY)
December 29, 2010 12:37 PM
Shares of KeyCorp (NYSE: KEY) are higher on the session by 0.17%, currently trading at $8.87. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the February 2011 $10.00 call was purchased 4,000 times, on the offer, on open interest of only 1,278 contracts. This signals new positioning on the name.
Overall call volume is now running at 2.22x the daily average with 92% of all calls traded being purchases on the offer.
KeyCorp operates as a holding company for KeyBank National Association that provides various banking services in the United States. The company operates in Community Banking and National Banking divisions.
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