Taubman Centers Looks to Run Higher (TCO)

Shares of Taubman Centers, Inc. TCO are higher on the session by 1.22%, currently trading at $46.47. The stock has been moving largely higher over the past three months, recently breaking above the key resistance level of $45.00. Options traders are buying upside calls on the name today. A short while ago the October $45.00 call was purchased 1,100 times, on the offer, on open interest of only 89 contracts. This signals new positioning on the name. Call volume is now running at 39x the daily average. Taubman Centers, Inc. operates as a self-administered and self-managed real estate investment trust. The Taubman Realty Group Limited Partnership is a majority-owned partnership subsidiary of TCO, which owns direct or indirect interests in all of the company's real estate properties. The company owns, leases, develops, acquires, disposes of and operates regional and super-regional shopping centers. Its portfolio, as of December 31, 2009, included 23 owned urban and suburban regional and super-regional shopping centers in 10 states. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.