Calls Purchased on Macquarie Infrastructure Company (MIC)

Shares of Macquarie Infrastructure Company MIC are lower on the session by 1.40%, currently trading at $20.43. 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 July 2011 $22.50 call was purchased 1,500 times, on the offer, on open interest of only 29 contracts. This signals new positioning on the name. Overall call volume is now running at 31.61x the daily average with 98% of all calls traded being purchases on the offer. Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses in the United States. Its portfolio comprises an airport services business, a district energy business, a gas production and distribution business, and a 50% interest in a bulk liquid storage terminal business.