Calls Purchased on Sempra Energy (SRE)
December 07, 2010 12:46 PM
Shares of Sempra Energy (NYSE: SRE) are higher on the session by 0.53%, currently trading at $51.21. The stock has been moving largely lower over the past two months, and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the April 2011 $50.00 call was purchased 1,000 times, on the offer, on open interest of 2,607 contracts.
Overall call volume is now running at 2.73x the daily average with 93% of all calls traded being purchases 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.
