Notable Call Options Activity in Titanium Metals

Shares of Titanium Metals

are higher on the session by 2.18%, currently trading at $62.87. The stock has been moving largely higher over the past two weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the December 2011 $16.00 call, which has traded 6,600 times on open interest of 6,678 contracts. The Dec2011 $17.00 call also traded 6,000 times on 2,996 contracts. Calls are outpacing puts today by 43 to 1. Titanium Metals Corporation is a producer of titanium melted and mill products. The company has titanium production facilities in both the United States and Europe.