Calls Purchased on Dresser-Rand Group (DRC)

Shares of Dresser-Rand Group Inc. (NYSE: DRC) are higher on the session by 2.26%, currently trading at $37.51. The stock has been moving largely higher over the past six months, trading just off of a 52-week high, at $39.16, which was set early September.

Options traders are buying upside on the name today. a short while ago the November $40.00 call was purchased 1,120 times, on the offer, on open interest of only 34 contracts. This signals new positioning on the name.

Call volume is now running at 4.08x the daily average, 91% on the offer.

Dresser-Rand Group Inc. is the global supplier of custom-engineered rotating equipment solutions for the applications in the oil, gas, petrochemical and industrial process industries.

The company's products and service are used in applications, such as gas gathering, gas recompression and export, gas lift and high pressure re-injection; carbon dioxide re-injection, enhanced oil recovery, main refrigeration compression and other duties for liquefied natural gasplants; gas transmission and storage, as well as gas processing; a variety of refinery services; ammonia and methanol synthesis gas, and ethylene and other petrochemical services and chemical plant services.

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