Shares of American Electric Power Company AEP are higher on the session by 0.53%, currently trading at $35.71. The stock has been moving largely lower over the past four months and is currently consolidating between the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the February 2011 $36.00 call was purchased 5,000 times, on the offer, on open interest of 2,255 contracts.
Overall call volume is now running at 4.40x the daily average with 70% of all calls traded being purchases on the offer.
American Electric Power Company, Inc. is a holding company. The service areas of AEP's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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