Calls Purchased on EarthLink, Inc. (ELNK)

Shares of EarthLink, Inc. ELNK are lower on the session by 0.51%, currently trading at $7.84. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the October 2011 $8.00 call was purchased roughly 5,000 times, on the offer, on open interest of 4,896 contracts.

Overall call volume is now running at 4.55x the daily average with 84% of all calls traded being purchases on the offer.

EarthLink, Inc. is a provider of Internet Protocol infrastructure and services to medium-sized and large businesses, enterprise customers, and over 1.5 million residential customers across the United States. The company is engaged in providing Internet access and communications services.