Calls Purchased on CVR Energy, Inc. (CVI)

Shares of CVR Energy, Inc.

are lower on the session by 2.74%, currently trading at $19.20. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $20.00 call was purchased 1,300 times, on the offer, on open interest of 76 contracts. Overall call volume is now running at 4.31x the daily average with 68% of all calls traded being purchases on the offer. CVR Energy, Inc. is an independent petroleum refiner and marketer of transportation fuels. In addition, the company owns all of the interests in CVR Partners, LP, a limited partnership which produces nitrogen fertilizers in the form of ammonia, and a solution of urea and ammonium nitrate in water used as a fertilizer. It operates in two segments: petroleum and nitrogen fertilizer.