Calls Purchased on The Western Union Company (WU)
March 30, 2011 1:04 PM
Shares of The Western Union Company (NYSE: WU) are higher on the session by 0.09%, currently trading at $21.21. 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 January 2012 $10.00 call was purchased 3,000 times, on the offer, for $11.50 on open interest of 7,375 contracts.
Overall call volume is now running at 9.63x the daily average with 98% of all calls traded being purchases on the offer.
The Western Union Company is engaged in money movement and payment services. Western Union services are available through a global network of more than 445,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States.
