Calls Purchased on Commercial Metals

Shares of Commercial Metals CMC are lower on the session by 0.07%, currently trading at $14.69. The stock has been moving largely lower over the past six 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 September 2011 $16.00 call traded 5,800 times on open interest of 6,212 contracts. Overall call volume is now running at 10.64x the daily average with 72% of all calls traded being purchases on the offer. Commercial Metals Company recycles, manufactures, fabricates and distributes steel and metal products and related materials and services through a network of locations throughout the United States and internationally.