Notable Call Options Activity in Eagle Bulk Shipping

Shares of Eagle Bulk Shipping (NASDAQ: EGLE) are higher on the session by 2.60%, currently trading at $1.857. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average.

Options traders are focusing on calls today. A short while ago the March 2012 $2.00 call traded 1,000 times on open interest of 87 contracts. Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.