Calls Purchased on Heckmann Corporation (HEK)

Shares of Heckmann Corporation HEK are higher on the session by 3.09%, currently trading at $4.00. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $5.00 call was purchased 1,054 times, on the offer, for $0.30 on no prior open interest. This signals new positioning on the name. Overall call volume is now running at 14.84x the daily average with 96% of all calls traded being purchases on the offer. Heckmann Corporation was created to buy and build companies in the water sector. On January 30, 2010, it completed the 50-mile water disposal pipeline in the Haynesville Shale, which could treat and dispose up to 100,000 barrels of water per day.