Calls Purchased on Office Depot, Inc. (ODP)

Shares of Office Depot, Inc. NYSE: ODP) are higher on the session by 1.03%, currently trading at $4.91. The stock has been moving largely lower over the past six months, though recently bounced off of the $3.40 level and rallied back above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the November $5.00 strike call was purchased 6,700 times, on the offer, on open interest of 7,468 contracts. Overall call volume is now running at 4.70x the daily average, 80% 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. The company's sales are processed through multiple channels, consisting of office supply stores, a contract sales force, an outbound telephone account management sales force, Internet sites, direct marketing catalogs and call centers, supported by the network of supply chain facilities and delivery operations.