Calls Purchased on Owens-Illinois (OI)

Shares of Owens-Illinois Inc. OI are higher on the session by 2.72%, currently trading at $29.81. The stock has been moving largely lower over the past three months, but looks like it may have bottomed as of late. Options traders are buying calls on the name today. The January $40.00 call was purchased 1,000 times, on the offer, a short while ago. Open interest on the strike is 3,697 contracts. Call volume is now running at 2.53x the daily average. Owens-Illinois, Inc. is a global manufacturer of glass containers with 78 glass manufacturing plants in 21 countries. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice and pharmaceuticals.