Notable Call Options Activity in Bunge

Shares of Bunge

are higher on the session by 2.78%, currently trading at $61.40. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the July 2012 $67.50 call, which has traded 6,086 times on open interest of 125 contracts. The July 2012 $70.00 call also traded 3,900 times on 462 contracts. The $67.50 calls were purchased at $1.00 (5,841 contract block), while the $70.00 calls look to have been sold, at $0.70. Calls are outpacing puts today by 72 to 1. Bunge Limited is a global agribusiness and food company operating in the farm-to-consumer food chain. It conducts its business in four divisions: agribusiness, sugar and bioenergy, food and ingredients and fertilizer.