Notable Call Options Activity in Owens-Illinois

Shares of Owens-Illinois (NYSE: OI) are higher on the session by 0.80%, currently trading at $18.98. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are focusing on calls today. A short while ago the September 2011 $20 call traded 1,800 times on open interest of 339 contracts. The Oct2011 $21 call also traded 1,800 times on 66 contracts.

Calls are outpacing puts today by 27 to 1.

Owens-Illinois, Inc. is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice and pharmaceuticals.