Calls Purchased on Sunoco, Inc. (SUN)

Shares of Sunoco, Inc. SUN are higher on the session by 2.38%, currently trading at $41.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the August 2011 $35.00 call was purchased 3,000 times, on the offer, for $7.80 on no prior open interest. Overall call volume is now running at 2.39x the daily average with 81% of all calls traded being purchases on the offer. Sunoco, Inc. is a holding company that, through its subsidiaries, operates as a petroleum refiner and marketer, and chemicals manufacturer with interests in logistics and coke making. Its petroleum refining and marketing operations include the manufacturing and marketing of a range of petroleum products, including fuels and some petrochemicals.