Calls Purchased on Ingersoll-Rand (IR)

Shares of Ingersoll-Rand plc (NYSE: IR) are higher on the session by 1.86%, currently trading at $40.35. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. IR is sitting at resistance; a break sharply higher or lower is possible here.

Options traders are buying calls on IR today. A short while ago the November $41.00 call was purchased 3,000 times, on the offer, on open interest of 90 contracts. The Nov $42.00 call also saw 1,000 contracts traded on zero open interest. This signals new positioning on both strikes.

Overall call volume is now running at 5.12x the daily average with 86% of all calls traded being purchases on the offer.

Ingersoll-Rand plc, formerly Ingersoll-Rand Company Limited, along with its subsidiaries, is a diversified, global company that provides products, services and solutions to enhance the quality of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity.

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