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Shares of Eastman Chemical
EMN are lower on the session by 1.61%, currently trading at $36.15. The stock has been moving largely lower over the past two 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 January 2012 $40.00 call, which has traded 2,300 times on open interest of 3,741 contracts.
Calls are outpacing puts today.
Eastman Chemical Company is a chemical company, which manufactures and sells a portfolio of chemicals, plastics and fibers. As of December 31, 2010, Eastman had sixteen manufacturing sites in nine countries that supplied chemicals, plastics and fibers products to customers.
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