Calls Purchased on The Sherwin-Williams Company (SHW)
April 07, 2011 10:32 AM
Shares of The Sherwin-Williams Company (NYSE: SHW) are higher on the session by 0.02%, currently trading at $85.52. The stock has been moving largely higher over the past four 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 $85.00 call was purchased 1,200 times, on the offer, on open interest of only 863 contracts.
Overall call volume is now running at 2.45x the daily average with 94% of all calls traded being purchases on the offer.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America, with additional operations in the Caribbean region, Europe and Asia.
