Calls Purchased on Honda Motor Co., Ltd. (HMC)

Shares of Honda Motor Co., Ltd. HMC are lower on the session by 1.16%, currently trading at $38.32. The stock has been moving largely lower over the past month and is currently testing the 200-day moving average. Options traders are buying calls on the name today. A short while ago the April 2011 $40.00 call was purchased 1,100 times, on the offer, for $0.60 on open interest of 1,751 contracts. Overall call volume is now running at 4.79x the daily average with 91% of all calls traded being purchases on the offer. Honda Motor Co., Ltd. develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. Its business segments are the motorcycle business, automobile business, financial services business, and power product and other businesses.