Notable Call Options Activity in Canadian Pacific Railway
Shares of Canadian Pacific Railway (NYSE: CP) are higher on the session by 1.83%, currently trading at $71.06. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $65.00 call, which has traded 1,250 times on open interest of 251 contracts.
Calls are outpacing puts today by 18 to 1.
Canadian Pacific Railway Limited has 14,800-mile network extends from the Port Metro Vancouver on Canada's Pacific Coast to the Port of Montreal in eastern Canada, and to the United industrial centers of Chicago; Detroit, Michigan; Newark, New Jersey; Philadelphia; New York City and Buffalo, New York; Kansas City, Missouri, and Minneapolis, Minnesota.
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