Calls Purchased on POSCO (PKX)

Shares of POSCO PKX are higher on the session by 2.95%, currently trading at $111.87. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 4.31x the daily average with 77% of all calls traded being purchases on the offer.

Traders are buying the $115 and $130 strikes in multiple months.

POSCO is an integrated steel producer in Korea. It produced approximately 31.7 million tons of crude steel during the year ended December 31, 2009, a substantial portion of which was produced at Pohang Works and Gwangyang Works.