Calls Purchased on Advantage Oil & Gas (AAV)
Shares of Advantage Oil & Gas (NYSE: AAV) are higher on the session by 2.41%, currently trading at $7.22. The stock has been moving largely higher over the past five 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 May 2011 $7.00 call was purchased 5,500 times, on the offer, on open interest of only 1,862 contracts. This signals new positioning on the name.
The Feb 2011 $7.50 call also traded 2,700 times on open interest of 4,257 contracts.
Overall call volume is now running at 23.46x the daily average with 93% of all calls traded being purchases on the offer.
Advantage Oil & Gas Ltd. is an intermediate oil and natural gas exploration and production corporation with properties located in Western Canada. The company is focused on the development of the Montney natural gas resource play at Glacier, Alberta.
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