Notable Call Options Activity in Paychex

Shares of Paychex PAYX are higher on the session by 1.65%, currently trading at $27.13. The stock has been moving largely higher over the past two months and is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $28.00 call traded 2,100 times on open interest of 3,183 contracts. Calls are outpacing puts today by 6 to 1. Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. As of May 31, 2011, the company serviced approximately 564,000 clients.