Calls Purchased on The Western Union Company (WU)
March 15, 2011 11:16 AM
Shares of The Western Union Company (NYSE: WU) are lower on the session by 1.96%, currently trading at $20.54. The stock has been moving largely higher over the past six months, but it is currently testing the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the January 2012 $10.00 call was purchased 3,500 times, on the offer, on open interest of 3,876 contracts.
Overall call volume is now running at 7.29x the daily average with 75% of all calls traded being purchases on the offer.
The Western Union Company is engaged in money transfer and payment services. The company's services are available through a network of over 410,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States.
