Calls Purchased on Calpine Corporation (CPN)

Shares of Calpine Corporation CPN are higher on the session by 1.27%, currently trading at $12.78. The stock has been moving largely lower over the past six months, but has been consolidating and is currently breeching above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2012 $12.50 call was purchased 1,020 times, on the offer, for $1.80 on open interest of 125,822 contracts. Overall call volume is now running at 2.61x the daily average with 100% of all calls traded being purchases on the offer. Calpine Corporation is a wholesale power company in the United States. Calpine owns and operates natural gas-fired and geothermal power plants in North America and has a presence in power markets in the United States.