Notable Call Options Activity in Murphy Oil

Shares of Murphy Oil MUR are higher on the session by 1.40%, currently trading at $59.49. The stock has been moving largely lower over the past two weeks, though it is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the April 2012 $62.50 call, which has traded 4,500 times on open interest of 681 contracts. Calls are outpacing puts today by 9 to 1. Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The Company operates primarily as a holding company.