Calls Purchased on Clean Energy Fuels Corp. (CLNE)
January 25, 2011 1:06 PM
Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) are lower on the session by 0.81%, currently trading at $13.16. The stock has been moving largely lower over the past six months and is currently trading below 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 2.21x the daily average with 70% of all calls traded being purchases on the offer.
Traders are buying the $13, $14, and $15 strikes in multiple months.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company designs, builds, finances and operates fueling stations and supplies its customers with compressed natural gas and liquefied natural gas.
