Xylem Inc ( XYL ) is a provider of pumps and pumping equipment for water and wastewater applications. The company’s is currently trading around $38.35 in a 52 week range of $23.61-$38.50. The has performed well over the past year with shares rallying nearly 36% over the past 12 months. The made a new all-time high today and is up nearly 1% on the day. Options action during today’s trading session also suggests that this trend could continue through July expiration. Earlier in the session a trader bought 1,375 XYL Jul 40 calls for $1.80. This is a very bet and this block represents nearly 20 times the average daily option in XYL . With trading at a new 52 week high and well above the we believe that XYL is setting up well for a long position.