Shares of W&T Offshore WTI are lower on the session by 2.42%, currently trading at $18.55. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. A short while ago the October 2011 $25.00 call traded 2,100 times on open interest of 5,000 contracts.
Calls are outpacing puts today by 105 to 1.
W&T Offshore, Inc. is an independent oil and natural gas producer engaged in the acquisition, exploitation, exploration and development of oil and natural gas properties primarily in the Gulf of Mexico.
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