Calls Bought On Arvinmeritor (ARM)

Shares of Arvinmeritor Inc. ARM are higher on the session by 0.54%, currently trading $15.01. The stock has been struggling with the 50-day moving averages as of late, but has managed to regain the level. Calls are being bought on the name today. The June $15 call was purchased 2,650 times on the offer for $0.95; volume on that strike has since grown to over 5,000 contracts. Open interest on the strike is 13,847 contracts. Call volume is running at 2.07x the daily average. Benzinga highlighted bearish call selling a few weeks ago; shares are off 0.41% since that call, though were lower by over 19% just a few days ago. ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.