Calls Purchased on TFS Financial Corporation (TFSL)
Shares of TFS Financial Corporation (NASDAQ: TFSL) are higher on the session by 2.87%, currently trading at $8.95. The stock has been moving largely lower over the past six months, though it is currently trading above the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the April 2011 $10.00 call was purchased 2,000 times, on the offer, for $0.30 on open interest of only 645 contracts. This signals new positioning on the strike.
Overall call volume is now running at 117.65x the daily average with 99% of all calls traded being purchases on the offer.
TFS Financial Corporation was organized as the holding company for Third Federal Savings and Loan Association of Cleveland. The company's ownership of the Association remains its principal business activity.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.