Calls Purchased on Ingram Micro

Shares of Ingram Micro (NYSE: IM) are higher on the session by 0.58%, currently trading at $17.48. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average.

Options traders are buying calls on the name today. A short while ago the September 2011 $20.00 call traded 900 times on open interest of 702 contracts. Overall call volume is now running at 30.39x the daily average with 100% of all calls traded being purchases on the offer.

Ingram Micro Inc. is a global information technology wholesale distributor, providing sales, marketing and logistics services for the IT industry worldwide.