Calls Purchased on Air Products and Chemicals (APD)
December 10, 2010 12:50 PM
Shares of Air Products and Chemicals (NYSE: APD) are higher on the session by 0.06%, currently trading at $88.80. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the December $90.00 call was purchased ~3,500 times, on the offer, on open interest of only 1,281 contracts. This signals new positioning on the name.
Overall call volume is now running at 9.44x the daily average with 96% of all calls traded being purchases on the offer.
Air Products and Chemicals, Inc. serves technology, energy, industrial, and healthcare customers globally with a of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services.
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