Calls Purchased on Illinois Tool Works Inc.

Shares of Illinois Tool Works Inc. ITW are lower on the session by 0.39%, currently trading at $56.27. The stock has been moving largely higher over the past six 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 June 2011 $57.50 call was purchased 8,000 times, on the offer, on open interest of 10,805 contracts. Overall call volume is now running at 2.53x the daily average with 93% of all calls traded being purchases on the offer. Illinois Tool Works Inc. is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 57 countries. The company has eight segments: Transportation; Industrial Packaging; Power Systems & Electronics; Food Equipment; Construction Products; Polymers & Fluids; Decorative Surfaces, and Other.