Shares of FMC Technologies Inc. FTI are higher on the session by 0.33%, currently trading at $52.23. The stock has been drifting lower for the past two months on heavy volume.
Options traders are picking up some calls today. The July $55 call was purchased 2,000 times earlier in the session for $2.23. Open interest on the strike is 294 contracts, signaling new, bullish positioning.
Calls volume is running at 2.13x the daily average.
FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services systems and products, such as subsea production and processing systems, surface wellhead production systems, high-pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
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