Calls Purchased on Pioneer Drilling (PDC)

Shares of Pioneer Drilling Co. PDC are lower on the session by 1.36%, currently trading at $6.54. The stock has been moving largely lower over the past six months, though has regained the 50-day moving average as of late. Options traders are buying calls on the name today, betting that the stock can rally further. The December $7.50 call was purchased 1,300 times, on the offer, moments ago; open interest on the strike is 5,203 contracts. Call volume is currently running at 11.89x the daily average. Pioneer Drilling Company provides drilling and production services to oil and gas exploration and production companies throughout the United States and internationally in Colombia. The company operates in two segments: Drilling Services Division and Production Services Division.