Notable Call Options Activity in Office Depot

Shares of Office Depot

are higher on the session by 10.39%, currently trading at $2.55. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the September 2011 $2.50 call traded 11,000 times on open interest of 1,405 contracts. Calls are outpacing puts today by 25 to 1. 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.