Calls Purchased on PPG Industries, Inc. (PPG)

Shares of PPG Industries, Inc. PPG are higher on the session by 1.43%, currently trading at $89.95. 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 April 2011 $85 call was purchased 1,500 times, on the offer, on open interest of 1,804 contracts. The April $90.00 call is also active. Overall call volume is now running at 4.19x the daily average with 94% of all calls traded being purchases on the offer. PPG Industries, Inc. is a producer and supplier of protective and decorative coatings, optical and speciality materials, commodity chemicals, and glass.