Calls Purchased on ABB Ltd. (ABB)

Shares of ABB Ltd. ABB are lower on the session by 0.30%, currently trading at $19.98. The stock has been moving largely higher over the past two months and is trading above both the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, call volume is currently running at 2.32x the daily average with the vast majority of calls traded being purchases on the offer. Traders are focusing on the $17.50 and $20.00 strikes in multiple months. ABB Ltd provides power and automation technologies for its utility and industrial customers. It focuses on power transmission, distribution and power-plant automation serves electric, gas and water utilities, as well as industrial and commercial customers.