Options Brief: Western Refining

Shares of Western Refining

are higher on the session by 4.80%, trading at $19.66. Overall put volume is now running at 2.11x the daily average, with 67% of all puts traded being purchases on the offer. 3,760 contracts have traded on the session so far. Western Refining, Inc. an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. The company owns and operates three refineries with a total crude oil throughput capacity of approximately 221,000 barrels per day.