Owens Illinois (OI) Mar and April 12.5 calls are active. 2,700 contracts traded so far. With more than 90 percent trading ask-side and very little existing open interest, it looks like call buyers are opening new positions as the stock moves up a nickel to $11.52. The bullish trading comes the day after shares of the Perrysburg, OH packaging company fell to 5-year lows of $11.30.

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