Calls Purchased on Solutia Inc. (SOA)

Shares of Solutia Inc. SOA are higher on the session by 2.10%, currently trading at $22.40. The stock has been moving largely higher over the past six months and is currently consolidating around the 50-day moving average.

Options traders are buying calls on the name today. A short while ago the March 2011 $22.50 call was purchased 2,900 times, on the offer, on open interest of 3,075 contracts.

Overall call volume is now running at 6.56x the daily average with 81% of all calls traded being purchases on the offer.

Solutia Inc. is a global manufacturer and marketer of a variety of chemical and engineered materials that are used in a range of consumer and industrial applications. The company maintains a global infrastructure consisting of 25 manufacturing facilities, six technical centers and approximately 26 sales offices globally, including 12 facilities in the United States.