Calls Purchased on Pan American Silver Corp. (PAAS)

Shares of Pan American Silver Corp.

are higher on the session by 8.82%, currently trading at $42.81. The stock has been moving largely higher over the past three 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 April 2011 $43.00 call was purchased 1,400 times, on the offer, on open interest of 411 contracts. Overall call volume is now running at 4.06x the daily average with 69% of all calls traded being purchases on the offer. Pan American Silver Corp. is engaged in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. The company's primary product is produced in Peru, Mexico, Argentina and Bolivia.