Calls Purchased on Johnson Controls (JCI)

Shares of Johnson Controls Inc. JCI are higher on the session by 2.36%, currently trading at $28.21. The stock has been gyrating lower over the past eight weeks and is trading below both the 50-day and 200-day moving averages. Options traders are picking up calls on the name. The June $27 strike was purchased 5,600 times on open interest of 3,647 contracts and the June $28 strike traded 1,100 times on open interest of 4,864 contracts. Call volume is running at 3x the daily average. Johnson Controls, Inc. provides automotive interiors. The Company provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise. The Company operates in three primary businesses: building efficiency, automotive experience and power solutions.