Calls Purchased on Heckmann Corporation (HEK)

Shares of Heckmann Corporation

are higher on the session by 2.71%, currently trading at $5.31. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $5.00 call was purchased 1,000 times, on the offer, on open interest of 0 contracts. Overall call volume is now running at 13.95x the daily average with 90% of all calls traded being purchases on the offer. Heckmann Corporation was created to buy and build companies in the water sector. On January 30, 2010, it completed the 50-mile water disposal pipeline in the Haynesville Shale, which could treat and dispose up to 100,000 barrels of water per day.