Calls Purchased on Casey’s General Stores (CASY)

Shares of Casey’s General Stores Inc. (NASDAQ: CASY) are higher on the session by 1.02%, currently trading at $36.16. The stock has been drifting toward the 50-day moving average after a huge pop in April; Alimentation Couche-Tard recently announced a $36.00 tender offer for the shares.

CASY management is suggesting investors do not tender their shares.

Options traders are picking up some calls on the name today; the July $35 strike was purchased almost 2,800 times. Open interest on the strike is 6,685 contracts.

Call volume is running at 2.64x the daily average.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the name Casey's General Store, HandiMart and Just Diesel in nine Midwestern states, primarily Iowa, Missouri and Illinois.

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