Calls Purchased on Sunoco, Inc. (SUN)
April 05, 2011 3:19 PM
Shares of Sunoco, Inc. (NYSE: SUN) are higher on the session by 0.74%, currently trading at $46.48. 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. A short while ago the April 2011 $45.00 call was purchased 4,800 times, on the offer, on open interest of 744 contracts.
Overall call volume is now running at 2.24x the daily average with 73% of all calls traded being purchases on the offer.
Sunoco, Inc. is a holding company that, through its subsidiaries, operates as a petroleum refiner and marketer, and chemicals manufacturer with interests in logistics and coke making. Its petroleum refining and marketing operations include the manufacturing and marketing of a range of petroleum products, including fuels and some petrochemicals.
