Notable Call Options Activity in Reliance Steel & Aluminum

Shares of Reliance Steel & Aluminum RS are higher on the session by 2.10%, currently trading at $38.81. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the December 2011 $41.00 call traded 2,100 times on open interest of 33 contracts. Calls are outpacing puts today by 19 to 1. Reliance Steel & Aluminum Co. is a metals service center company in North America. Reliance's network of metals service centers operates more than 200 locations in 38 states, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea and the United Kingdom.