Shares of Ball Corporation BLL are higher on the session by 0.44%, currently trading at $33.97. The stock has been moving largely lower over the past two months and is currently consolidating between the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the August 2011 $32.50 call was purchased 4,400 times, on the offer, on open interest of 677 contracts. This signals new positioning on the name.
Overall call volume is now running at 44.86x the daily average with 91% of all calls traded being purchases on the offer.
Ball Corporation is a supplier of metal and plastic packaging, to the beverages, food and household product industries. The company also supplies aerospace and other technologies and services to governmental and commercial customers within its aerospace and technologies segment.
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