Notable Call Options Activity in Fushi Copperweld

Shares of Fushi Copperweld FSIN are lower on the session by 2.61%, currently trading at $7.26. The stock has been moving largely higher over the past three months is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $7.50 call, which has traded 3,700 times on open interest of 2,433 contracts. Calls are outpacing puts today by 17 to 1. Fushi Copperweld, Inc. is a producer of bimetallic wire products, principally copper-clad aluminum and copper-clad steel products. CCA and CCS conductors are generally used as a substitute for solid copper conductors in applications for which either cost savings or specific electrical or physical attributes are necessary.