Calls Purchased on Ashland Inc. (ASH)

Shares of Ashland Inc. (NYSE: ASH) are higher on the session by 4.07%, currently trading at $58.32. 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 April 2011 $60.00 call was purchased 1,000 times, on the offer, on open interest of 1,046 contracts.

Overall call volume is now running at 2.54x the daily average with 72% of all calls traded being purchases on the offer.

Ashland Inc. business consists of five segments: Ashland Aqualon Functional Ingredients; Ashland Hercules Water Technologies; Ashland Performance Materials; Ashland Consumer Markets, and Ashland Distribution.