Upside Sold on Pall Corp. (PLL)

Shares of Pall Corp PLL are markedly higher on the session by 12.13%, currently trading $36.14. The stock has been drifting lower for the past seven weeks and was trading at yearly lows before today’s pop. Options traders are taking the opportunity of increased premiums to sell the upside on the name. Action has been primarily in small lots, though volume is running at 3.45x the daily average. Traders are focusing in on the $35 strike in multiple months. Pall Corp. reported that fiscal third-quarter earnings jumped 58% as the maker of filtration and water-purification products finally saw firm signs of recovery in its industrial markets. The company also said its fiscal-year earnings will be at the high end of its March projection. Pall Corporation, along with its subsidiaries, is a supplier of filtration, separation and purification technologies principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.