Notable Call Options Activity in Concho Resources

Shares of Concho Resources CXO are higher on the session by 3.96%, currently trading at $106.06. 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 volume is the June 2012 $120.00 call, which has traded 1,370 times on open interest of 132 contracts. Calls are outpacing puts today by 43 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.