Calls Purchased on Ashland Inc. (ASH)
February 02, 2011 11:44 AM
Shares of Ashland Inc. (NYSE: ASH) are higher on the session by 0.84%, currently trading at $59.83. The stock has been moving largely higher over the past five 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 February $60.00 call was purchased 1,500 times, on the offer, on open interest of 1,506 contracts.
Overall call volume is now running at 2.29x the daily average with 80% of all calls traded being purchases on the offer.
Ashland Inc.'s business consists of five segments: Ashland Aqualon Functional Ingredients; Ashland Hercules Water Technologies; Ashland Performance Materials; Ashland Consumer Markets (Valvoline), and Ashland Distribution.
