Calls Purchased on Foster Wheeler AG (FWLT)

Shares of Foster Wheeler AG FWLT are lower on the session by 0.65%, currently trading at $38.41. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2012 $45.00 call was purchased 5,900 times, on the offer, on open interest of only 300 contracts. This signals new positioning on the name. Overall call volume is now running at 2.86x the daily average with 91% of all calls traded being purchases on the offer. Foster Wheeler AG, formerly Foster Wheeler Limited, incorporated on November 18, 2008, operates through two business groups: Global Engineering and Construction Group and Global Power Group.