Notable Call Options Activity in Ferro
Shares of Ferro (NYSE: FOE) are higher on the session by 4.09%, currently trading at $5.34. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the December 2011 $5.00 call, which has traded 3,600 times on open interest of 7,726 contracts. The Dec2011 $7.50 call also traded 1,400 times on 1,774 contracts.
Calls are outpacing puts today by 14 to 1.
Ferro Corporation is a producer of specialty materials and chemicals, which are sold to a range of manufacturers who, in turn, make products for end-use markets.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.