Calls Purchased on Martin Marietta (MLM)

Shares of Martin Marietta Materials Inc. MLM are higher on the session by 2.71%, currently trading at $86.85. The stock has been trading largely lower over the past three months, but appears to have found support around the $85.00 level. Options traders are buying calls on the name today. Though action has been primarily in small lots, call volume is now running at 5.6x the daily average with 97% of all calls traded being purchases on the offer. Traders are focusing in on the $85.00 call strike in multiple months. Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry, including infrastructure, commercial, agricultural and residential. The company also manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications and dolomitic lime sold primarily to customers in the steel industry.