Calls Purchased on Tyco International Ltd. (TYC)

Shares of Tyco International Ltd. TYC are higher on the session by 2.40%, currently trading at $47.28. 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 $49.00 call was purchased 1,400 times, on the offer, on open interest of only 65 contracts. This signals new positioning on the strike. The $47.00, $48.00, $49.00, and $50.00 strikes are active in multiple months. Overall call volume is now running at 7.87x the daily average with 74% of all calls traded being purchases on the offer. Tyco International Ltd. is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products. It operates in five segments: ADT Worldwide, Flow Control, Fire Protection Services, Electrical and Metal Products, and Safety Products.