Calls Purchased on ABB ltd (ABB)

Shares of ABB ltd ABB are higher on the session by 6.50%, currently trading at $19.65. The stock has been moving largely higher over the past two months and is currently breaking out to the upside. Options traders are buying calls on the name today. The December $17.50 call was purchased 945 times, on the offer, earlier in the session; open interest on the strike is 2,492 contracts. Call volume is currently running at 2.55x the daily average. ABB Ltd provides power and automation technologies for its utility and industrial customers. It focuses on power transmission, distribution and power-plant automation serves electric, gas and water utilities, as well as industrial and commercial customers.