Calls Purchased on EnerSys (ENS)
October 15, 2010 2:03 PM
Shares of EnerSys (NYSE: ENS) are higher on the session by 1.56%, currently trading at $26.62. The stock has been moving largely higher over the past four months, but is now nearing resistance.
Options traders are buying calls on the name today. A short while ago the November $25.00 call was purchased 1,000 times, on the offer, on open interest of only 117 contracts and the December $25.00 call was purchased 1,000 times on open interest of 261 contracts. This signals new positioning on the name.
Overall call volume is now running at 73.75x the daily average, 98% on the offer.
EnerSys is the manufacturer, marketer and distributor of industrial batteries. It also manufactures, markets and distributes related products, such as chargers, power equipment and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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