Calls Purchased on Sealed Air Corporation

Shares of Sealed Air Corporation SEE are higher on the session by 2.09%, currently trading at $22.95. The stock has been moving largely lower over the past six weeks 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 July 2011 $25.00 call was purchased 1,000 times, on the offer, on open interest of 5,451 contracts. Overall call volume is now running at 2.17x the daily average with 96% of all calls traded being purchases on the offer. Sealed Air Corporation is a manufacturer of a range of packaging and performance-based materials and equipment systems, which serves a range of food, industrial, medical and consumer applications.