Calls Purchased on Covanta Holding Corporation (CVA)

Shares of Covanta Holding Corporation CVA are higher on the session by 0.12%, currently trading at $17.18. The stock has been moving largely higher over the past five 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 February $17.50 call was purchased 4,500 times, on the offer, on open interest of only 144 contracts. This signals new positioning on the strike. Overall call volume is now running at 11.83x the daily average with 99% of all calls traded being purchases on the offer. Covanta Holding Corporation is a developer, owner and operator of infrastructure for the conversion of waste to energy (known as energy-from-waste), as well as other waste disposal and renewable energy production businesses in the Americas, Europe and Asia.