Shares of ArvinMeritor, Inc. ARM are higher on the session by 1.64%, currently trading at $19.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the January 2011 $16.00 put was purchased 3,000 times, on the offer, for $0.40 on open interest of only 754 contracts. This signals new positioning on the name.
Overall put volume is now running at 5.98x the daily average with 99% of all puts traded being purchases on the offer.
ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation and industrial sectors. The company serves commercial truck, trailer, off-highway, military, bus and coach and other industrial OEMs and certain aftermarkets, and light vehicle OEMs.
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