Calls Purchased on Allegheny Technologies Incorporated

Shares of Allegheny Technologies Incorporated ATI are higher on the session by 6.20%, currently trading at $65.45. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $62.50 call traded 3,400 times on open interest of 5,069 contracts. Overall call volume is now running at 2.47x the daily average with 82% of all calls traded being purchases on the offer. Allegheny Technologies Incorporated is a diversified specialty metals producer. The company's products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings.