Calls Purchased on ArvinMeritor, Inc. (ARM)
Shares of ArvinMeritor, Inc. (NYSE: ARM) are lower on the session by 1.31%, currently trading at $18.51. The stock has been moving largely lower over the past four months and is currently consolidating between the 50-day and 200-day moving average.
Options traders are buying calls on the name today. A short while ago the May 2011 $21.00 call was purchased 940 times, on the offer, on open interest of 950 contracts.
Overall call volume is now running at 2.50x the daily average with 88% 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 and the aftermarket for the commercial vehicle, transportation and industrial sectors.
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