Notable Call Options Activity in Frontline

Shares of Frontline

are higher on the session by 23.62%, currently trading at $7.64. 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 $6.00 call, which has traded 2,200 times on open interest of 3,383 contracts. Large lots are very active on the name. Calls are outpacing puts today by 12 to 1. Frontline Ltd. is a shipping company. The company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore carriers. The company operates tankers of two sizes: very large crude carriers, which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons.