Calls Purchased on Crown Holdings, Inc. (CCK)

Shares of Crown Holdings, Inc.

are higher on the session by 1.44%, currently trading at $29.64. The stock has been moving largely higher over the past six months, bouncing off of the $22.50 level and rallying to a new 52-week high. Options traders are buying calls on the name today. A short while ago the November $30.00 call was purchased 1,600 times, on the offer, on open interest of only 173 contracts. This signals new positioning on the name. Overall call volume is now running at 6.39x the daily average, 87% on the offer. Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The company's primary products include steel and aluminum cans for food, beverage, household and other consumer products and metal vacuum closures and caps. As of December 31, 2009, the company operated 136 plants along with sales and service facilities throughout 41 countries.