Notable Call Options Activity in Owens Corning

Shares of Owens Corning

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.