Notable Call Options Activity on Magnum Hunter Resources

Shares of Magnum Hunter Resources MHR are higher on the session by 14.35%, trading at $5.34. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest action is the February 2012 $5.00 call, which has traded 900 times on open interest of 2,415 contracts. Small lots are active on the name today. Call volume is outpacing put volume by 8 to 1. Magnum Hunter Resources Corporation, an independent oil and gas company, engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana.