Notable Call Options Activity in Sotheby's

Shares of Sotheby's

are lower on the session by 1.41%, currently trading at $30.19. 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 November 2011 $35 call traded 1,900 times on open interest of 200 contracts. Calls are outpacing puts today by 41 to 1. Sotheby's is an auctioneer of authenticated fine and decorative art, jewelry and collectibles. Sotheby's operations are organized under three segments: Auction, Finance and Dealer.