Calls Purchased on Emerson Electric Co.

Shares of Emerson Electric Co. EMR are higher on the session by 3.55%, currently trading at $8.74. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $55.00 call traded 5,500 times on open interest of 4,701 contracts. Overall call volume is now running at 2.20x the daily average with 88% of all calls traded being purchases on the offer. Emerson Electric Co. is a diversified global technology company. It is engaged in designing and supplying product technology and delivering engineering services and solutions in a range of industrial, commercial and consumer markets around the world.