Calls Purchased on American Axle & Manufacturing Holdings (AXL)

Shares of American Axle & Manufacturing Holdings AXL are higher on the session by 3.08%, currently trading at $12.73. The stock has been moving largely lower over the past three months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $13.00 call was purchased ~5,000 times, on the offer, on open interest of 2,548 contracts. Overall call volume is now running at 6.88x the daily average with 86% of all calls traded being purchases on the offer. American Axle & Manufacturing Holdings, Inc. manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles.