Calls Purchased on Regal Entertainment Group (RGC)
February 08, 2011 12:57 PM
Shares of Regal Entertainment Group (NYSE: RGC) are higher on the session by 2.56%, currently trading at $12.80. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the February 2011 $21.50 call was purchased 3,000 times, on the offer, on open interest of 2,945 contracts.
Overall call volume is now running at 5.39x the daily average with 100% of all calls traded being purchases on the offer.
Regal Entertainment Group is the parent company of Regal Entertainment Holdings, Inc., which is the parent company of Regal Cinemas Corporation and its subsidiaries. The company operates theatre circuit in the United States, consisting of 6,768 screens in 548 theatres in 39 states and the District of Columbia as of December 31, 2009, with over 244 million annual attendees for the year ended December 31, 2009.
