Shares of Dana Holding Corporation (NYSE: DAN) are higher on the session by 2.48%, currently trading at $17.00. The stock has been moving largely higher over the past six months, though recently it came under some selling pressure, pushing it below the 50-day moving average.

Options traders are buying calls on the name today. A short while ago the March 2011 $17.50 call was purchased 3,000 times, on the offer, for $0.20 on open interest of 11,069 contracts.

Overall call volume is now running at 3.30x the daily average with 100% of all calls traded being purchases on the offer.

Dana Holding Corporation engages in the design, manufacture, and supply of products for vehicle manufacturers worldwide.