Bulls Building Call Positions in Masco (MAS)

Shares of Masco Corporation MAS are higher on the session by 3.42%, currently trading at $12.40. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $14.00 call was purchased 4,000 times, on the offer, on open interest of only 173 contracts. This signals new positioning on the name. Overall call volume is now running at 12.41x the daily average with 88% of all calls traded being purchases on the offer. Masco Corporation manufactures, distributes and installs home improvement and building products. During the year ended December 31, 2009, approximately 79% of the company's sales were generated by its North American operations.