Calls Purchased on Airgas, Inc.

Shares of Airgas, Inc. ARG are higher on the session by 1.89%, currently trading at $67.37. 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 October 2011 $70.00 call was purchased 700 times, on the offer, on open interest of 140 contracts. Overall call volume is now running at 2.49x the daily average with 78% of all calls traded being purchases on the offer. Airgas, Inc., through its subsidiaries, is a distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods, such as welding equipment and supplies.