Calls Purchased on Hyperdynamics Corporation

Shares of Hyperdynamics Corporation

are higher on the session by 3.38%, currently trading at $4.59. The stock has been moving largely higher over the past four weeks and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.23x the daily average with 84% of all calls traded being purchases on the offer. Hyperdynamics Corporation, incorporated in March 1996, is an exploration-stage company. The company, through its wholly owned subsidiary, SCS Corporation possesses contract rights for and engage in the exploration and exploitation of oil and gas in an approximately 9,650 square mile concession off the coast of the Republic of Guinea in West Africa.