Notable Call Options Activity in Companhia Siderurgica Nacional

Shares of Companhia Siderurgica Nacional

are lower on the session by 2.13%, currently trading at $9.67. The stock has been moving largely lower over the past three months and it is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the March 2012 $10.00 call traded 1,000 times on open interest of 42 contracts. The Jan2013 $10.00 call also traded 1,500 times on 109 contracts. Calls are outpacing puts today by 56 to 1. Companhia Siderurgica Nacional is an integrated steel producer in Brazil and Latin America. The company focuses on mining, steel production, logistics, cement and energy.