Calls Purchased on Banco Bradesco (BBD)

Shares of Banco Bradesco

are lower on the session by 0.04%, currently trading at $22.46. The stock has been moving largely higher over the past five months and is trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $22.00 call was purchased 10,000 times, on the offer, for $1.40 on open interest of only 1,275 contracts. This signals new positioning on the strike. Overall call volume is now running at 7.84x the daily average with 98% of all calls traded being purchases on the offer. Banco Bradesco S.A. is a private sector commercial bank operating in Brazil. It offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid sized and small companies, and major local and international corporations and institutions.