Shares of Krispy Kreme Doughnuts (NYSE:KKD) are higher on the session by 20.00%, currently trading at $7.68. The stock has been moving largely higher over the past six weeks and is currently trading above the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the August 2011 $7.50 call was purchased 2,000 times, on the offer, on open interest of 6,067 contracts. The August $10.00 call also traded 2,000 times on open interest of 915 contracts.
Overall call volume is now running at 4.86x the daily average with 74% of all calls traded being purchases on the offer.
Krispy Kreme Doughnuts, Inc. is a retailer and wholesaler of doughnuts and packaged sweets. The company’s principal business is owning and franchising Krispy Kreme stores, at which over 20 varieties of doughnuts, including its Original Glazed doughnut, are sold and distributed together with complementary products, and where an array of coffees and other beverages are offered.
See also: HOW TO BUY KRISPY KREME IPO (DNUT) STOCK
