Notable Call Options Activity in American Axle

Shares of American Axle AXL are lower on the session by 3.01%, currently trading at $8.71. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago the January 2012 $10.00 call traded 4,100 times on open interest of 5,502 contracts. The Jan2012 $9.00 call also traded 1,100 times on 2,887 contracts. Calls are outpacing puts today by 45 to 1. American Axle & Manufacturing Holdings, Inc. manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.