Calls Purchased on Liz Claiborne, Inc. (LIZ)

Shares of Liz Claiborne, Inc.

are higher on the session by 12.20%, currently trading at $6.99. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. The stock looks poised to break out. Options traders are buying calls on LIZ today. A short while ago the November $7.00 call was purchased 3,000 times, on the offer, on open interest of only 566 contracts. This signals new positioning on the strike. Overall call volume is now running at 9.94x the daily average with 83% of all calls traded being purchases on the offer. Liz Claiborne, Inc., incorporated in January 1976, designs and markets a global portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND and MEXX. The company also has a group of department store-based brands with consumer franchises, including the LIZ CLAIBORNE and MONET families of brands, MAC & JAC, KENSIE and DANA BUCHMAN and the licensed DKNY JEANS, DKNY ACTIVE and DKNY MENS brands.