Calls Purchased on Flotek Industries, Inc. (FTK)

Shares of Flotek Industries, Inc. FTK are higher on the session by 6.04%, currently trading at $8.78. The stock had 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 May 2011 $10.00 call was purchased 1,800 times, on the offer, on open interest of 1,889 contracts. Overall call volume is now running at 3.00x the daily average with 75% of all calls traded being purchases on the offer. Flotek Industries, Inc. is a diversified global supplier of drilling and production related products and services to the oil and gas industry. Its core focus is oilfield specialty chemicals and logistics, downhole drilling tools and downhole production tools. It operates under three segments: Chemicals and Logistics, Drilling Products and Artificial Lift.