Calls Purchased on Quanta Services, Inc. (PWR)

Shares of Quanta Services, Inc. PWR are higher on the session by 1.41%, currently trading at $19.39. The stock has been moving largely lower over the past four 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 $21.00 call was purchased 1,200 times, on the offer, on open interest of 67 contracts. Overall call volume is now running at 2.75x the daily average with 96% of all calls traded being purchases on the offer. Quanta Services, Inc. is a provider of specialty contracting services, offering infrastructure solutions to the electric power, natural gas, oil and telecommunications industries.