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Shares of Owens Corning
OC are lower on the session by 3.34%, currently trading at $27.21. The stock has been moving largely lower over the past five weeks and is currently testing the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the December 2011 $28.00 call, which has traded 800 times on open interest of 2,505 contracts.
Calls are outpacing puts today by 10 to 1.
Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials.
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