Calls Purchased on Hornbeck Offshore Services (HOS)

Shares of Hornbeck Offshore Services, Inc. HOS are higher on the session by 1.81%, currently trading at $14.60. The stock has been falling for the past six months and is in a technical downtrend. Options traders are betting that the slide may be over and are buying calls. The July $17.50 strike was purchased nearly 1,400 times today; open interest on the strike is 359 contracts, signaling new, bullish positioning. Call volume is now running at 4.5x the daily average. Hornbeck Offshore Services, Inc. through its subsidiaries, operates offshore supply vessels, multi-purpose support vessels, and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets.