Calls Purchased on Sempra Energy (SRE)
October 19, 2010 3:06 PM
Shares of Sempra Energy (NYSE: SRE) are lower on the session by 0.91%, currently trading at $53.39. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the January 2011 $55.00 call was purchased 1,500 times, on the offer, on open interest of 3,320 contracts.
Overall call volume is now running at 5.26x the daily average, 95% on the offer.
Sempra Energy is an energy services holding company. Sempra Energy has five segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Commodities, Sempra Generation and Sempra Pipelines & Storage. SoCalGas and SDG&E sell, distribute, and transport natural gas. SoCalGas purchases and stores natural gas for itself and SDG&E on a combined portfolio basis and provides natural gas storage services for others.
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