Calls Purchased on Magellan Midstream Partners

Shares of Magellan Midstream Partners

are higher on the session by 1.50%, currently trading at $59.49. The stock has been moving largely higher over the past few days and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $60.00 call traded 1,850 times on open interest of 2,950 contracts. Overall call volume is now running at 5.92x the daily average with 84% of all calls traded being purchases on the offer. Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products.