Notable Call Options Activity in Murphy Oil

Shares of Murphy Oil

are lower on the session by 2.60%, currently trading at $56.27. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the May 2012 $60.00 call, which has traded 2,400 times on open interest of 1,070 contracts. Large lots are active in April and May. Calls are outpacing puts today by 16 to 1. Murphy Oil Corporation is an oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.