Calls Purchased on ITT Corporation (ITT)

Shares of ITT Corporation ITT are higher on the session by 0.65%, currently trading at $60.44. 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 May 2011 $60.00 call was purchased 4,300 times, on the offer, on open interest of 13,441 contracts. Overall call volume is now running at 2.93x the daily average with 94% of all calls traded being purchases on the offer. ITT Corporation is a global engineering and manufacturing organization. ITT's operates in more than 60 countries, and sales presence in more than 125 countries. It designs, manufactures and sales a range of engineered products.