Calls Purchased on Skechers U.S.A.

Shares of Skechers U.S.A. (NYSE: SKX) are higher on the session by 0.07%, currently trading at $14.49. The stock has been moving largely lower over the past five 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 October 2011 $15.00 call traded 2,000 times on open interest of 1,660 contracts. Overall call volume is now running at 3.85x the daily average with 96% of all calls traded being purchases on the offer.

Skechers U.S.A., Inc. design and market Skechers-branded contemporary footwear for men, women and children under several lines. addition to Skechers-branded lines, the company also offers several designer, fashion and street-focused footwear lines for men, women and children.