Calls Purchased on Express, Inc. (EXPR)
March 21, 2011 10:26 AM
Shares of Express, Inc. (NASDAQ: EXPR) are higher on the session by 0.47%, currently trading at $17.18. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the April 2011 $16.90 call was purchased 1,600 times, on the offer, on open interest of only 312 contracts. This signals new positioning on the strike.
Overall call volume is now running at 11.62x the daily average with 85% of all calls traded being purchases on the offer.
Express, Inc., formerly Express Parent LLC, is a specialty retail apparel brand in the United States. The company targets a demographic of women and men between 20 and 30 years old. It offers its customers an edited assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions.
