Calls Purchased on First Industrial Realty Trust (FR)
Shares of First Industrial Realty Trust (NYSE: FR) are higher on the session by 5.72%, currently trading at $11.65. 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 March 2011 $12.50 call was purchased 1,000 times, on the offer, for $0.15 on open interest of 202 contracts. This signals new positioning on the strike.
Overall call volume is now running at 5.37x the daily average with 98% of all calls traded being purchases on the offer.
First Industrial Realty Trust, Inc. is a real estate investment trust (REIT). The company is a self-administered and integrated real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.