Dana Holding Corp. To Continue Higher? (DAN)

Shares of Dana Holding Corporation DAN are higher on the session by 3.34%, currently trading at $17.01. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and the 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $15.00 call was purchased ~1,500 times, on the offer, on open interest of 7,261 contracts. Overall call volume is now running at 2.12x the daily average with 89% of all calls traded being purchases on the offer. Dana Holding Corporation engages in the design, manufacture, and supply of products for vehicle manufacturers worldwide. It offers light axles, drive shafts, structural products, sealing products, thermal products, and related service parts for light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.