Calls Purchased on Bucyrus International, Inc. (BUCY)
February 17, 2011 1:23 PM
Shares of Bucyrus International, Inc. (NASDAQ: BUCY) are higher on the session by 0.12%, currently trading at $90.89. The stock has been moving largely sideways over the past four months and is currently trading above the 50-day and 200-day moving average.
Options traders are buying calls on the name today. A short while ago the January 2012 $95.00 call was purchased 797 times, on the offer, on open interest of 975 contracts.
Overall call volume is now running at 2.96x the daily average with 94% of all calls traded being purchases on the offer.
Bucyrus International, Inc. is a designer and manufacturer of safe and mining equipment for the extraction of coal, copper, oil sands, iron ore and other minerals in mining centers throughout the world.
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