Calls Purchased on Pilgrim's Pride Corporation (PPC)

Shares of Pilgrim's Pride Corporation PPC are higher on the session by 4.86%, currently trading at $7.98. 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 June 2011 $10.00 call was purchased 1,100 times, on the offer, on open interest of 1,854 contracts. Overall call volume is now running at 5.90x the daily average with 85% of all calls traded being purchases on the offer. Pilgrim's Pride Corporation is a chicken company in the United States, Mexico and Puerto Rico. The company's prepared chicken products meet the needs of some of the customers in the food service industry across the United States.