Calls Purchased on Titanium Metals Corporation (TIE)

Shares of Titanium Metals Corporation TIE are higher on the session by 3.59%, currently trading at $20.20. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $20.00 call was purchased 5,700 times, on the offer, on open interest of 9,495 contracts. Overall call volume is now running at 2.40x the daily average with 82% of all calls traded being purchases on the offer. Titanium Metals Corporation is a producer of titanium melted and mill products. The company has titanium production facilities in the United States and Europe.