Notable Call Options Activity in Century Aluminum

Shares of Century Aluminum CENX are higher on the session by 8.94%, currently trading at $10.48. The stock has been moving largely lower over the past three months, but it is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the November 2011 $11.00 call traded 730 times on open interest of 1,544 contracts. Calls are outpacing puts today by 11 to 1. Century Aluminum Company is engaged in producing aluminum. The company's primary aluminum capacity includes the facility in Grundartangi, Iceland with capacity of 260,000 metric tons per year; its facility in Hawesville, Kentucky with capacity of 244,000 metric tons per year; its facility in Ravenswood, West Virginia, curtailed, with capacity of 170,000 metric tons per year; and a 49.7% interest in a facility in Mt. Holly, South Carolina, which provides it with capacity of 111,000 metric tons per year.