Calls Purchased on Pride International, Inc. (PDE)

Shares of Pride International, Inc. PDE are lower on the session by 0.32%, currently trading at $40.40. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the March 2011 $39.00 call was purchased 3,000 times, on the offer, for $2.10 on open interest of 10 contracts. Overall call volume is now running at 2.97x the daily average with 83% of all calls traded being purchases on the offer. Pride International, Inc. is an offshore drilling contractor. It provides contract drilling services to oil and natural gas exploration and production companies through the use of mobile offshore drilling rigs in the United States and international waters.