Calls Purchased on Sealed Air Corporation

Shares of Sealed Air Corporation

are lower on the session by 5.70%, currently trading at $22.48. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $25.00 call was purchased 1,900 times, on the offer, on open interest of 360 contracts. Overall call volume is now running at 30.61x the daily average with 83% of all calls traded being purchases on the offer. Sealed Air Corporation is a manufacturer of a range of packaging and performance-based materials and equipment systems, which serves a range of food, industrial, medical and consumer applications