Calls Purchased on Exide Technologies. (XIDE)

Shares of Exide Technologies XIDE are higher on the session by 15.50%, currently trading at $12.07. The stock has been moving largely higher over the past six 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 June 2011 $12.50 call was purchased 3,000 times, on the offer, on open interest of only 114 contracts. This signals new positioning on the strike. Overall call volume is now running at 5.97x the daily average with 82% of all calls traded being purchases on the offer. Exide Technologies is a provider of stored electrical energy solutions, and manufacturers and suppliers of lead-acid batteries for transportation and industrial applications worldwide. It has four principal business segments: Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas, and Industrial Energy Europe and ROW.