Calls Purchased on FMC Technologies

Shares of FMC Technologies FTI are higher on the session by 1.68%, currently trading at $45.32. The stock has been moving largely higher over the past five weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $50.00 call traded 2,000 times on open interest of 5,045 contracts. Overall call volume is now running at 3.12x the daily average with 91% of all calls traded being purchases on the offer. FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The company designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.