Notable Call Options Activity in Meritage Homes

Shares of Meritage Homes

are lower on the session by 2.20%, currently trading at $27.07. The stock has been moving largely higher over the past three months 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 June 2012 $35.00 call, which has traded 840 times on open interest of 105 contracts. The Jun2012 $40.00 call also traded 840 times on 0 contracts. The spread was purchased for $0.50. Calls are outpacing puts today by 133 to 1. Meritage Homes Corporation is engaged in homebuilding and related activities. Meritage Homes is a designer and builder of single-family attached and detached homes.