Calls Purchased on Newell Rubbermaid

Shares of Newell Rubbermaid NWL are lower on the session by 1.54%, currently trading at $14.74. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the September 2011 $17.00 call was purchased 3,000 times, on the offer, on open interest of 180 contracts. Overall call volume is now running at 2.05x the daily average with 83% of all calls traded being purchases on the offer. Newell Rubbermaid Inc. is a global marketer of consumer and commercial products. Its products are marketed under a portfolio of brands, including Rubbermaid, Graco, Aprica, Levolor, Calphalon, Goody, Sharpie, Paper Mate, Dymo, Parker, Waterman, Irwin, Lenox and Technical Concepts.