Notable Call Options Activity in Magnum Hunter Resources
Shares of Magnum Hunter Resources (NYSE: MHR) are higher on the session by 6.09%, currently trading at $6.79. The stock has been moving largely higher over the past three 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 May 2012 $7.50 call, which has traded 665 times on open interest of 5,493 contracts. Small lots are very active on the name today.
Calls are outpacing puts today by 9 to 1.
Magnum Hunter Resources Corporation is an independent oil and gas company engaged in the acquisition, development and production of oil and natural gas, primarily in West Virginia, North Dakota, Texas and Louisiana.
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