Calls Purchased on Sealed Air Corporation (SEE)

Shares of Sealed Air Corporation SEE are lower on the session by 0.20%, currently trading at $28.46. 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. A short while ago the March 2011 $30.00 call was purchased 1,000 times, on the offer, on open interest of 21 contracts. Overall call volume is now running at 13.17x the daily average with 73% of all calls traded being purchases on the offer. Sealed Air Corporation is a manufacturer of a range of packaging and performance-based materials and equipment systems that serves an array of food, industrial, medical and consumer applications.