Calls Purchased on Dominion Resources

Shares of Dominion Resources D are higher on the session by 0.02%, currently trading at $49.79. 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 August 2011 $40.00 call traded 1,000 times on open interest of 2,010 contracts. Overall call volume is now running at 2.85x the daily average with 97% of all calls traded being purchases on the offer. Dominion Resources, Inc., is a producer and transporter of energy, with a portfolio of approximately 27,600 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,100 miles of electric transmission lines.