Notable Call Options Activity in Chico's FAS

Shares of Chico's FAS

are lower on the session by 1.86%, currently trading at $15.26. The stock has been moving largely higher over the past three months 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 April 2012 $16.00 call, which has traded 1,700 times on open interest of 4,135 contracts. Calls are outpacing puts today by 50 to 1. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names.