Calls Purchased on Family Dollar Stores

Shares of Family Dollar Stores (NYSE:

) are higher on the session by 0.75%, currently trading at $45.48. 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 August 2011 $55 call traded 1,300 times on open interest of 1,252 contracts. Overall call volume is now running at 4.62x the daily average with 98% of all calls traded being purchases on the offer. Family Dollar Stores, Inc. operates a chain of more than 6,800 general merchandise retail discount stores in 44 states, providing primarily consumers with a selection of priced merchandise in neighborhood stores.