Calls Purchased on The Wet Seal (WTSLA)
April 07, 2011 11:34 AM
Shares of The Wet Seal (NASDAQ: WTSLA) are higher on the session by 4.57%, currently trading at $4.58. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the June 2011 $5.00 call was purchased 2,000 times, on the offer, on open interest of only 6 contracts.
Overall call volume is now running at 91.14x the daily average with 100% of all calls traded being purchases on the offer.
The Wet Seal, Inc. is a national specialty retailer operating stores selling fashionable and contemporary apparel and accessory items designed for female customers aged 13 to 35 years old. As of January 30, 2010, it operated 504 retail stores in 47 states, Puerto Rico and Washington D.C. Its products can also be purchased online.
