Calls Sold on Commercial Metals (CMC)

Shares of Commercial Metals Co. CMC are higher on the session by 7.13%, currently trading $15.92. The stock has been drifting lower over the past three months, but has managed to breech the 50-day and 200-day moving averages to the topside in today’s trading. Calls are largely being sold on the name today with the June $16 selling 1,292 times on open interest of 3,120 contracts and the June $17.50 selling 2,687 times on open interest of 15,506 contracts. It appears that long call positions have been closed out. Commercial Metals Company recycles, manufactures, fabricates and distributes steel and metal products, and related materials and services through a network of locations located throughout the United States and internationally.