Calls Purchased on Barnes Group (B)

Shares of Barnes Group Inc. (NYSE: B) are higher on the session by 1.78%, currently trading at $15.48. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average.

Options traders are buying calls on the name today, betting that the stock may be at a short-term bottom. Options traders are buying calls on the name today. The October $15.00 call was purchased 2,000 times, on the offer, for $1.20 a short while ago; there is no open interest on the strike.

Call volume is now running at 100.55x the daily average.

Barnes Group Inc. is an international logistical services company, and aerospace and industrial components manufacturer serving a range of end markets and customers. The products and services provided by Barnes Group are critical components for applications that provide transportation, communication, manufacturing and technology to the world.

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