Calls Purchased on Jarden Corp. (JAH)
June 17, 2010 3:37 PM
Shares of Jarden Corp. (NYSE: JAH) are lower on the session by 1.82%, currently trading at $30.27. The stock has been rallying this week after a large drop in May; the stock is currently trading above both the 50-day and 200-day moving averages.
Options traders are picking up some calls on the name today. The July $30 strike was purchased over 1,800 times earlier in the session; open interest on the strike is 1,687 contracts, signaling new, bullish positioning on Jarden.
Call volume is now running at 2.82x the daily average.
Jarden Corporation is a global consumer products company. The Company is a provider of a range of consumer products. Jarden operates in three business segments: Outdoor Solutions, Consumer Solutions and Branded Consumables. The Company manufactures or sources, markets and distributes a number brands in Outdoor Solutions segment.
