Calls Purchased on Terex (TEX)
August 20, 2010 11:03 AM
Shares of Terex Corp. (NYSE: TEX) are higher on the session by 1.66%, currently trading at $19.54. The stock has been moving largely lower over the past four months and is trading below the 50-day moving average.
Options traders are buying calls on the name today. In addition to in-the-money call buying in August, TEX is seeing the September $21.00 and $22.00 calls purchased, on the offer, over 1,300 times each. Volume exceeded open interest on both strikes.
Call volume is now running at 7.26x the daily average.
Terex Corporation is a global equipment manufacturer of a range of products. It focuses on delivering a range of commercial solutions for a range of commercial applications, including the construction, infrastructure, quarrying, shipping, transportation, power and energy industries.
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