Calls Purchased on Solutia Inc.

Shares of Solutia Inc. SOA are lower on the session by 1.38%, currently trading at $22.20. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $20.00 call was purchased 1,600 times, on the offer, on open interest of 39 contracts. Overall call volume is now running at 3.61x the daily average with 95% of all calls traded being purchases on the offer. Solutia Inc. is a global manufacturer of performance materials and specialty chemicals used in a range of consumer and industrial applications, including interlayers and aftermarket film for automotive and architectural glass; chemicals that promote safety and durability in tires, and encapsulants, coatings and specialty chemicals used in a variety of electronic, industrial and energy solutions.