Shares of NiSource Inc. NI are higher on the session by 0.60%, currently trading at $18.34. 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 April 2011 $20.00 call was purchased 5,000 times, on the offer, on open interest of only 436 contracts. This signals new positioning on the strike.
Overall call volume is now running at 10.03x the daily average with 99% of all calls traded being purchases on the offer.
NiSource Inc. is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.8 million customers located within a corridor that runs from the Gulf Coast through the Midwest to New England.
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