Calls Purchased on Dominion Resources (D)

Shares of Dominion Resources D are lower on the session by 0.18%, currently trading at $43.29. The stock has been moving largely sideways over the past six months, though it 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 January 2011 $10.00 call was purchased 1,200 times, on the offer, on open interest of 3,611 contracts. Overall call volume is now running at 4.67x the daily average with 98% of all calls traded being purchases on the offer. Dominion Resources, Inc. is a producer and transporter of energy. The company's portfolio of assets includes approximately 27,600 megawatts of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines.