Notable Call Options Activity in Concho Resources
Shares of Concho Resources (NYSE: CXO) are higher on the session by 1.05%, currently trading at $85.97. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. A short while ago the November 2011 $95.00 call traded 1,300 times on open interest of 38 contracts.
Calls are outpacing puts today by 27 to 1.
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.
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