Notable Call Options Activity in Blackboard

Shares of Blackboard

are higher on the session by 1.99%, currently trading at $42.12. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $44.00 call traded 5,000 times on open interest of 4,072 contracts. The Oct2011 $45.00 call also traded 5,000 times on 3,958 contracts. Calls are outpacing puts today by 84 to 1. Blackboard Inc. is a provider of enterprise software applications and related services to the education industry.