Notable Call Options Activity in Canadian Pacific Railway

Shares of Canadian Pacific Railway

are lower on the session by 0.94%, currently trading at $77.80. 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 April 2012 $75 call, which has traded 1,290 times on open interest of 284 contracts. The Jun2012 $65 call also traded 1,250 times on 1,557 contracts. Calls are outpacing puts today by 55 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.