Calls Purchased on Parker Hannifin (PH)

Shares of Parker Hannifin Corp. PH are higher on the session by 3.46%, currently trading at $64.27. The stock has been moving largely higher over the past four weeks and has regained the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The August $60.00 call was purchased 2,000 times, on the offer, earlier in the session; open interest on the strike is just 1,207 contracts. Call volume is now running at 7.21x the daily average. Parker-Hannifin Corporation is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.