Calls Purchased on American Electric Power Company (AEP)

Shares of American Electric Power Company AEP are higher on the session by 2.03%, currently trading at $37.61. The stock has been moving largely higher over the past three 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 May 2011 $38.00 call was purchased 4,000 times, on the offer, on open interest of only 2,746 contracts. This signals new positioning on the strike. Overall call volume is now running at 13.06x the daily average with 65% of all calls traded being purchases on the offer. American Electric Power Company, Inc. is a holding company. The company's public utility subsidiaries include Appalachian Power Company, Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, Kingsport Power Company, Ohio Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company, AEP Texas Central Company, AEP Texas North Company, Wheeling Power Company and AEP Generating Company.