Calls Purchased on The Goodyear Tire & Rubber Company

Shares of The Goodyear Tire & Rubber Company (NYSE:

) are higher on the session by 2.74%, currently trading at $17.24. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $18.00 call traded 10,000 times on open interest of 1,438 contracts. Overall call volume is now running at 4.25x the daily average with 88% of all calls traded being purchases on the offer. The Goodyear Tire & Rubber Company is a manufacturer of tires. The company, along with its subsidiaries, is principally engaged in the development, manufacture, distribution and sale of tires and related products and services worldwide.