Bulls Shopping at Dick's Sporting Goods (DKS)

Shares of Dick's Sporting Goods (NYSE: DKS) are higher on the session by 0.99%, currently trading at $38.60. The stock has been moving largely higher over the past six 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 March 2011 $39.00 call was purchased 1,000 times, on the offer, for $1.55 on open interest of only 79 contracts. This signals new positioning on the strike. Overall call volume is now running at 3.74x the daily average with 86% of all calls traded being purchases on the offer. Dick's Sporting Goods, Inc. is a sporting goods retailer offering a range of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. As of January 30, 2010, the company operated 419 Dick's Sporting Goods stores in 40 states and 91 Golf Galaxy stores in 31 states.