Notable Call Options Activity in Murphy Oil
Shares of Murphy Oil (NYSE: MUR) are higher on the session by 1.40%, currently trading at $59.49. The stock has been moving largely lower over the past two weeks, though it is currently testing the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the April 2012 $62.50 call, which has traded 4,500 times on open interest of 681 contracts.
Calls are outpacing puts today by 9 to 1.
Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The Company operates primarily as a holding company.
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