Calls Purchased on Dana Holding Corp.

Shares of Dana Holding Corp. DAN are higher on the session by 2.86%, currently trading at $18.68. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $18.00 call traded 1,800 times on open interest of 278 contracts. Overall call volume is now running at 2.85x the daily average with 88% of all calls traded being purchases on the offer.