Upside Purchased on FMC Technologies (FTI)

Shares of FMC Technologies Inc. FTI are higher on the session by 0.33%, currently trading at $52.23. The stock has been drifting lower for the past two months on heavy volume. Options traders are picking up some calls today. The July $55 call was purchased 2,000 times earlier in the session for $2.23. Open interest on the strike is 294 contracts, signaling new, bullish positioning. Calls volume is running at 2.13x the daily average. FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services systems and products, such as subsea production and processing systems, surface wellhead production systems, high-pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.