Calls Purchased on Dana Holding Corp. (DAN)

Shares of Dana Holding Corp. DAN are higher on the session by 5.31%, currently trading at $17.66. The stock has been moving largely higher over the past six 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 May 2011 $17.00 call was purchased 1,000 times, on the offer, on open interest of 2,196 contracts. Overall call volume is now running at 4.44x the daily average with 77% of all calls traded being purchases on the offer.