Notable Call Options Activity in Western Refining

Shares of Western Refining

are higher on the session by 2.66%, currently trading at $18.93. 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 March 2012 $20.00 call, which has traded 4,200 times on open interest of 1,714 contracts. Calls are outpacing puts today by 32 to 1. Western Refining, Inc. is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. It has three segments: refining group, wholesale group, and retail group.