Notable Call Options Activity in Titanium Metals
Shares of Titanium Metals (NYSE: TIE) are higher on the session by 2.18%, currently trading at $62.87. The stock has been moving largely higher over the past two weeks and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the December 2011 $16.00 call, which has traded 6,600 times on open interest of 6,678 contracts. The Dec2011 $17.00 call also traded 6,000 times on 2,996 contracts.
Calls are outpacing puts today by 43 to 1.
Titanium Metals Corporation is a producer of titanium melted and mill products. The company has titanium production facilities in both the United States and Europe.
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