Calls Purchased on Harvest Natural Resources (HNR)
March 02, 2011 12:24 PM
Shares of Harvest Natural Resources (NYSE: HNR) are higher on the session by 8.96%, currently trading at $16.06. 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. Both the March 2011 $10.00 and $12.50 calls are active. This was likely a spread.
Overall call volume is now running at 4.20x the daily average with 87% of all calls traded being purchases on the offer.
Harvest Natural Resources, Inc. is an international petroleum exploration and production company. The company focuses on acquiring exploration, development and producing properties in geological basins with proven active hydrocarbon systems.
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