Calls Purchased on Navistar (NAV)

Shares of Navistar International Corporation NAV are higher on the session by 1.70%, currently trading at $45.49. The stock has been moving largely lower over the past six months, though has staged as a rally over the past few weeks. NAV is now sitting at resistance via the 50-day moving average. Options traders are betting that the stock moves higher from these levels. A short while ago the October $45.00 call was purchased 1,870 times, on the offer, on open interest of just 678 contracts. This signals new positioning on the name. Call volume is now running at 5.08x the daily average, 88% on the offer. Navistar International Corporation is a holding company that operates through its principal operating subsidiaries, Navistar, Inc. and Navistar Financial Corporation. The company operates in four segments: Truck, Engine, Parts (collectively called manufacturing operations), and Financial Services, which consists of NFC and its foreign finance operations.