Notable Call Options Activity on ABB

Shares of ABB ABB are lower on the session by 0.96%, trading at $18.48. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest action is the January 2012 $21.00 call, which has traded 3,200 times on open interest of 1,776 contracts. Call volume is outpacing put volume by 46 to 1. ABB Ltd is engaged in power and automation technologies. The company provides a range of products, systems, solutions and services. Its power businesses focus on power transmission, distribution and power-plant automation and serve electric, gas and water utilities, as well as industrial and commercial customers.