Calls Purchase on KBR Inc. (KBR)

Shares of KBR Inc. KBR are higher on the session by 4.60%, currently trading at $23.41. The stock has been moving largely sideways over the past four months, but is popping above the 50-day and 200-day moving averages as of late. Options traders are betting that the stock can run higher as well. The August $24.00 call was purchased 1,000 times, on the offer, earlier in the session; open interest on the strike is 101 contracts. Call volume is now running at 6.18x the daily average. KBR, Inc., along with its subsidiaries, is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial sectors.