Calls Purchased on Mechel OAO (MTL)

Shares of Mechel OAO MTL are higher on the session by 6.41%, currently trading at $33.55. 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 calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.19x the daily average with 72% of all calls traded being purchases on the offer. Traders are buying the $33.00, $34.00, $35.00, and $36.00 strikes in multiple months. Mechel OAO is an integrated mining, steel, ferroalloys and power company. The company operates in four segments: mining, steel, ferroalloys and power. Its mining segment produces coking and steam coal, as well as iron ore and iron ore concentrate.