Calls Active on Tata Motors

Shares of Tata Motors TTM are trading higher on the session by 2.70%, at $15.95. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Calls are active on the name today. The strike seeing the most volume is the April 2012 $18.00 call, where 1,600 contracts have traded on open interest of 1,157 contracts. Calls are outpacing puts today by 6 to 1. Tata Motors Limited, an automobile company, engages in the manufacture and sale of commercial and passenger vehicles primarily in India.