Calls Purchased on Owens Corning (OC)

Shares of Owens Corning OC are higher on the session by 1.04%, currently trading at $36.05. The stock has been moving largely higher over the past five 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 January 2013 $45.00 call was purchased 900 times, on the offer, on open interest of 865 contracts. Overall call volume is now running at 3.11x the daily average with 98% of all calls traded being purchases on the offer. Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials. The company operates in two business segments: composites, which include the company's reinforcements and downstream businesses, and building materials, which includes its insulation, roofing and other businesses.