Notable Call Options Activity in Banco Santander

Shares of Banco Santander

are lower on the session by 1.30%, currently trading at $8.36. 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 December 2011 $8.00 call traded 1,000 times on open interest of 4,885 contracts. The Mar2012 $10.00 call also traded 4,000 times on 1,898 contracts. Calls are outpacing puts today by 30 to 1. Banco Santander, S.A. is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.