Calls Purchased on Vulcan Materials Company (VMC)

Shares of Vulcan Materials Company VMC are higher on the session by 3.24%, currently trading at $44.34. 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 $46.00 call was purchased 3,000 times, on the offer, on open interest of only 103 contracts. This signals new positioning on the strike. Overall call volume is now running at 2.12x the daily average with 90% of all calls traded being purchases on the offer. Vulcan Materials Company is a producer of construction aggregates, primarily crushed stone, sand and gravel. The company is also a producer of asphalt mix and ready-mixed concrete and a producer of cement in Florida. Vulcan operates in three segments: aggregates, asphalt mix and concrete, and cement.