Calls Purchased on Ingersoll-Rand (IR)

Shares of Ingersoll-Rand IR are higher on the session by 0.48%, currently trading at $33.48. The stock has been trading largely higher over the past six months, but has sold off over the last week. The stock is now struggling to hold the 200-day moving average. Options traders are buying some calls today. The January 2011 $40.00 call was purchased 3,400 times, on or near the offer, on open interest of 26,758 contracts. Call volume is now running at 2.4x the daily average with roughly 70% of all calls traded being purchases on the offer. Ingersoll-Rand plc, formerly Ingersoll-Rand Company Limited, along with its subsidiaries, is a diversified, global company that provides products, services and solutions to enhance the quality of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity.