Calls Purchased on Trinity Industries, Inc. (TRN)
Shares of Trinity Industries, Inc. (NYSE: TRN) are lower on the session by 0.51%, currently trading at $23.32. The stock has been moving largely higher over the past two months and is now trading above both the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the November $25.00 strike call was purchased 3,000 times, on the offer, on open interest of only 3,123 contracts. This signals new positioning on the name.
Overall call volume is now running at 7.78x the daily average, 93% on the offer.
Trinity Industries, Inc. is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors.
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