Calls Purchased on ArvinMeritor (ARM)

Shares of ArvinMeritor, Inc. ARM are lower on the session by 0.25%, currently trading at $19.78. The stock has been moving largely higher over the past six months, though has come under selling pressure as of late and is now below the 50-day moving average. Options traders are buying calls on the name today. The September $16.00 call was purchased 2,600 times, on the offer, for $0.15 a short while ago; open interest on the strike is 8,925 contracts. Call volume is now running at 2.5x the daily average. ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation and industrial sectors. Its principal products are axles, undercarriages, drivelines, brakes and braking systems, and roofs and door systems. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.