Clean Energy Attracts Bull Call Buyers (CLNE)

Shares of Clean Energy Fuels Corp. CLNE are higher on the session by 1.39%, currently trading at $15.31. The stock has been moving largely sideways for the past five months, after falling throughout April and early May. $14.00 has shown to be support. Options traders are picking up calls on the name today after the Pittsburg Tribune Review published a story that said the Pennsylvania State House Republicans are pushing an initiative to convert state owned vehicles to natural gas as well as build natural gas stations in the state. Options traders are buying upside calls on shares today. Earlier in the session the October $16 strikes traded 1,700 times on open interest of 1,389 contracts and the October $17.00 strike traded 3,700 times on open interest of 533 contracts. 75% of the call action has been trades on the offer. Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company designs, builds, finances and operates fueling stations and supplies its customers with compressed natural gas and liquefied natural gas. The company also produces renewable biomethane, which can be used as vehicle fuel, through its landfill gas joint venture.