Calls Purchased on Harvest Natural Resources (HNR)
March 16, 2011 1:24 PM
Shares of Harvest Natural Resources (NYSE: HNR) are lower on the session by 6.58%, currently trading at $14.19. The stock has been moving largely higher over the past four 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 April 2011 $22.50 call was purchased 2,500 times, on the offer, on open interest of 5,092 contracts. The June $22.50 call is also active.
Overall call volume is now running at 3.37x the daily average with 86% 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.
