Calls Purchased on Ingersoll-Rand (IR)

Shares of Ingersoll-Rand IR are lower on the session by 1.72%, currently trading at $42.18. The stock has been moving largely higher over the past three months, rallying from a recent low near $32.40 and above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $45.00 call was purchased 2,000 times, on the offer, on open interest of 3,794 contracts. Overall call volume is now running at 2.08x the daily average with 70% of all calls traded being purchases on the offer. Ingersoll-Rand plc, formerly Ingersoll-Rand Company Limited, along with its subsidiaries, is a diversified, global company that provides products, services and solutions to enhance the quality of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity.