Calls Purchased on Ryland Group (RYL)

Shares of Ryland Group

are higher on the session by 3.05%, currently trading at $16.91. The stock has been moving largely sideways for the past three months after sliding lower in May. Options traders are buying calls on the name today, betting that the construction service company can rally from here. The September $18.00 call was purchased 1,600 times, on the offer a short while ago; open interest on the strike is 288 contracts. Call volume is now running at 4.91x the daily average. The Ryland Group, Inc. is engaged in the business of home building and mortgage finance. The company operates in six business segments: four geographically determined homebuilding regions; financial services, and corporate.