Calls Purchased on Acuity Brands (AYI)

Shares of Acuity Brands Inc.

are lower on the session by 1.27%, currently trading at $42.32. The stock has been moving largely lower over the past five months and is in a downward-trending channel. Options traders are buying calls on the name today. The November $45 call was purchased, near the offer, for $1.80 earlier in the session; open interest on the strike 996 contracts. This signals new positioning on the name. Call volume is now running at 9.35x the daily average. Acuity Brands, Inc. is the parent company of Acuity Brands Lighting, Inc. and other subsidiaries. The company designs, produces, and distributes an array of indoor and outdoor lighting fixtures, lighting controls, and related products and services for commercial and institutional, industrial, infrastructure, and residential applications for various markets throughout North America and select international markets.