Calls Purchased on Crown Holdings, Inc.

Shares of Crown Holdings, Inc. CCK are higher on the session by 1.40%, currently trading at $38.50. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $39.00 call was purchased 2,600 times, on the offer, on open interest of 105 contracts. Overall call volume is now running at 5.82x the daily average with 99% of all calls traded being purchases on the offer. Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The company's business is organized geographically within three divisions: Americas, European and Asia-Pacific.