Calls Purchased on Quanta Services

Shares of Quanta Services PWR are lower on the session by 1.64%, currently trading at $19.21. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $20.00 call traded 1,980 times on open interest of 629 contracts. Overall call volume is now running at 14.03x the daily average with 100% 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 and oil pipeline and telecommunications industries.