Calls Purchased on ArvinMeritor, Inc. (ARM)
February 24, 2011 3:13 PM
Shares of ArvinMeritor, Inc. (NYSE: ARM) are higher on the session by 0.46%, currently trading at $17.60. The stock has been moving largely lower over the past two months and is currently trading between the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the March 2011 $18.00 call was purchased 2,400 times, on the offer, on open interest of 496 contracts.
Overall call volume is now running at 3.23x the daily average with 98% of all calls traded being purchases on the offer.
ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
