Options Brief: Pride International (PDE)

Shares of Pride International PDE are higher on the session by 16.75%, trading at $40.15. Overall call volume is now running at 4.22x the daily average, with 11% of all calls traded being purchases on the offer. 6,707 contracts have traded on the session so far. Pride International, Inc. is an offshore drilling contractor. It provides contract drilling services to oil and natural gas exploration and production companies through the use of mobile offshore drilling rigs in the United States and international waters.