Calls Purchased on Key Energy Services (KEG)

Shares of Key Energy Services KEG are higher on the session by 4.54%, currently trading at $11.97. The stock has been moving largely higher over the past six 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 March 2011 $12.50 call was purchased 1,500 times, on the offer, on open interest of 1,916 contracts. Overall call volume is now running at 18.98x the daily average with 89% of all calls traded being purchases on the offer. Key Energy Services, Inc. provides a range of services to oil companies, foreign national oil companies and independent oil and natural gas production companies, including rig-based well maintenance and workover services, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services, wireline services and other ancillary oilfield services.