Calls Purchased on Masco Corporation (MAS)

Shares of Masco Corporation MAS are higher on the session by 3.50%, currently trading at $14.51. The stock has been moving largely higher over the past four 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 March 2011 $15.00 call was purchased 4,000 times, on the offer, on open interest of only 296 contracts. This signals new positioning on the strike. Overall call volume is now running at 2.13x the daily average with 86% of all calls traded being purchases on the offer. Masco Corporation manufactures, distributes and installs home improvement and building products. During the year ended December 31, 2009, approximately 79% of the company's sales were generated by its North American operations.