Options Brief: Alcoa Inc. (AA)

Shares of Alcoa Inc.

are higher on the session by 3.89%, trading at $17.89. Overall call volume is now running at 2.65x the daily average, with 65% of all calls traded being purchases on the offer. 115,896 contracts have traded on the session so far. Alcoa Inc. is engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its participation in mining, refining, smelting, fabricating, and recycling. During the year ended December 31, 2010, aluminum and alumina represented more than 80% of Alcoa's revenues.