Calls Purchased on Fuel Systems Solutions (FSYS)
July 23, 2010 1:22 PM
Shares of Fuel Systems Solutions Inc. (NASDAQ: FSYS) are higher on the session by 3.98%, currently trading at $28.47. The stock has been moving largely lower over the past six months, though it has bounced off sport near $25.00.
Options traders are buying calls on the name today. The August $29.00 call was purchased 1,100 times, on the offer, a short while ago; open interest on the strike is 374 contracts. Call volume is now running at 2.5x the daily average.
Fuel Systems Solutions, Inc. designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines.
