Calls Purchased on Fuel Systems Solutions, Inc. (FSYS)
March 11, 2011 11:22 AM
Shares of Fuel Systems Solutions, Inc. (NASDAQ: FSYS) are lower on the session by 0.63%, currently trading at $23.72. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the March 2011 $24.00 call was purchased 1,000 times, on the offer, on open interest of only 93 contracts. This signals new positioning on the strike.
Overall call volume is now running at 2.86x the daily average with 97% of all calls traded being purchases on the offer.
Fuel Systems Solutions, Inc. designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines.
