Calls Purchased on FuelCell Energy, Inc.

Shares of FuelCell Energy, Inc. FCEL are higher on the session by 2.29%, currently trading at $1.79. The stock has been moving largely lower over the past six months, though it is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $2.00 call was purchased 800 times, on the offer, on open interest of 470 contracts. Overall call volume is now running at 5.13x the daily average with 91% of all calls traded being purchases on the offer. FuelCell Energy, Inc. is engaged in the development and production of stationary fuel cells for commercial, industrial, government and utility customers. The company focuses to provide generation baseload power.