Notable Call Options Activity in Central European Distribution

Shares of Central European Distribution

are lower on the session by 5.01%, currently trading at $6.72. The stock has been moving largely lower over the past three months, but it is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the November 2011 $7.00 call traded 1,300 times on open interest of 1,636 contracts. The November 2011 $9.00 call also traded 1,100 times on 284 contracts. Calls are outpacing puts today by 68 to 1. Central European Distribution Corporation operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business.