Calls Purchased on Dynegy Inc. (DYN)

Shares of Dynegy Inc.

are lower on the session by 1.70%, currently trading at $5.78. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $6.00 call was purchased 3,000 times, on the offer, on open interest of 247 contracts. Overall call volume is now running at 2.17x the daily average with 90% of all calls traded being purchases on the offer. Dynegy Inc. is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt of generating capacity.