Calls Sold on Dana Holding Corp. (DAN)

Shares of Dana Holding Corp. DAN are higher on the session by 4.48%, currently trading at $10.97. The stock has been trading lower over the past few months, but has managed to hold onto the 200-day moving average. Options traders are selling calls on the name today, betting that any rally in the name will be muted. The December $15.00 call was sold, near the bid, on open interest of 7,245 contracts. This signals that a long call position was likely closed out. Call volume is now running at 2.86x the daily average. Dana Holding Corporation is a supplier of axle, driveshaft, structural, sealing and thermal management products for global vehicle manufacturers. It designs and manufactures products for every vehicle producer in the world.