Calls Purchased on Manitowoc Inc. (MTW)

Shares of The Manitowoc Company, Inc. MTW are lower on the session by 2.89%, currently trading at $9.42. The stock has been moving largely lower over the past six months, off from recent highs near $16.00. Options traders are betting on a bit of a rally around these levels. The January 2011 $10.00 call was purchased 5,000 times, on the offer, a short while ago; open interest on the strike is 9,970 contracts. Call volume is now running at 3.80x the daily average. The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer. It operates in two markets: Cranes and Related Products and Foodservice Equipment. Teh crane division is the provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. The foodservice division is engaged in manufacturing of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, cooking needs of restaurants, convenience stores, hotels, healthcare, and institutional applications.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Long IdeasTechnicalsOptionsTrading IdeasConstruction & Farm Machinery & Heavy TrucksIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!