Calls Purchased on American Axle & Manufacturing Holdings

Shares of American Axle & Manufacturing Holdings AXL are higher on the session by 1.29%, currently trading at $10.96. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $11.00 call traded 1,000 times on open interest of 176 contracts. The Oct $11 calls also trade 1,000 times on open interest of 248 contracts. Overall call volume is now running at 3.09x the daily average with 92% of all calls traded being purchases on the offer. American Axle & Manufacturing Holdings, Inc. manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.