Calls Sold on Pactiv Corp. (PTV)

Shares of Pactiv Corp. PTV are higher on the session by 4.79%, currently trading at $31.07. The stock has been moving largely higher over the past six months and is trading at a fresh 52-week high. Options traders are selling calls on the name today. The August $30 call was sold 1,500 times, on the bid, on open interest of 6,389 contracts and the August $35.00 call was sold 5,000 times, on the bid, on open interest of 7,280 contracts. This looks like closing transactions. Call volume is now running at 3x the daily average. Pactiv Corporation, incorporated in 1965, is a producer of consumer and foodservice/food packaging products. The company's business operates 43 manufacturing facilities in North America, and 1 in Germany. It also has two joint-venture interests in China.