Calls Active on Masco Corp. (MAS)

Shares of Masco Corporation MAS are trading lower on the session by 1.15%, at $13.75. While shares have been basing sideways for the psat four months, it appears that traders see the stock making a move to the upside soon. Call volume is running extraordinarily high this morning with 11,000 calls traded versus only 546 puts. Masco Corporation typically trades only 1,000 to 2,000 calls on a heavy volume day, so this action is notable. The majority of the volume can be found on the April $14.00 strike, where 6,389 contracts have traded on open interest of 15,630 contracts. The May $14.00 and $15.00 calls are the next heaviest, with volume on both vastly exceeding open interest. Masco Corporation manufactures, distributes and installs home improvement and building products. It is manufacturer of a range of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and installers of insulation for the new home construction market. It provides product offerings in a range of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels.