Calls Purchased on Shuffle Master

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Shares of Shuffle Master
SHFL
are lower on the session by 1.85%, currently trading at $9.01. 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 buying calls on the name today. A short while ago the November 2011 $12.00 call traded 1,000 times on open interest of 12 contracts. Overall call volume is now running at 68.13x the daily average with 99% of all calls traded being purchases on the offer. Shuffle Master, Inc. is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor.
Posted In: OptionsCasinos & GamingConsumer Discretionary
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