Heavy Bull Action Seen in Alcoa

Shares of Alcoa Inc. AA are the leading stocks in the DJIA DIA today, currently trading higher by 4.73% to $13.05. There is no news out on the stock that would/should illicit such a move. Options traders are also coming for upside in the name for a second day in a row. Yesterday, the June $13 call was purchased 19,000 times (an opening purchase) for $0.43. Today, the June $14 calls were purchased 20,000 times for $0.40 and the June $13 call was traded another 3,000 contracts. The May $13 and $14 calls are also attracting buyers. Alcoa Inc. is currently trading below both the 50-day and 200-day moving averages.