Calls Purchased on Skechers U.S.A. (SKX)

Shares of Skechers U.S.A.

are lower on the session by 0.47%, currently trading at $18.88. The stock has been moving largely lower over the past six 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 May 2011 $21.00 call was purchased 3,100 times, on the offer, on open interest of 672 contracts. Overall call volume is now running at 4.21x the daily average with 94% of all calls traded being purchases on the offer. Skechers U.S.A., Inc. design and market Skechers-branded contemporary footwear for men, women and children under several lines. addition to Skechers-branded lines, the company also offers several designer, fashion and street-focused footwear lines for men, women and children.