Calls Purchased on Leggett & Platt (LEG)
November 08, 2010 1:19 PM
Shares of Leggett & Platt, Incorporated (NYSE: LEG) are lower on the session by 0.73%, currently trading at $20.35. The stock has been on a roller coaster ride over the past six months, bouncing off of the $19.00 level, though frequently selling off below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the November $22.50 call was purchased 1,200 times, on the offer, for $0.05 on open interest of 1,287 contracts. This looks like a closing transaction of short calls.
Overall call volume is now running at 5.83x the daily average with 84% of all calls traded being purchases on the offer.
Leggett & Platt, Incorporated is an international manufacturer, which conceives designs and produces a range of engineered components and products found in many homes, offices, retail stores and automobiles.
