Calls Purchased on Office Depot, Inc. (ODP)

Shares of Office Depot, Inc.

are higher on the session by 0.21%, currently trading at $4.86. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $5.50 call was purchased 3,300 times, on the offer, for $0.35 on open interest of 32 contracts. Overall call volume is now running at 3.15x the daily average with 97% of all calls traded being purchases on the offer. Office Depot, Inc. is a global supplier of office products and services. The company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.