Calls Purchased on Complete Production Services

Shares of Complete Production Services, Inc. CPX are higher on the session by 2.77%, currently trading at $30.75. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $30.00 call traded 1,200 times on open interest of 626 contracts. Overall call volume is now running at 10.47x the daily average with 99% of all calls traded being purchases on the offer. Complete Production Services, Inc. provides specialized completion and production services and products that help oil and gas companies to develop hydrocarbon reserves and enhance production.