Options Brief: Helmerich & Payne (HP)

Shares of Helmerich & Payne HP are higher on the session by 6.79%, trading at $55.33. Overall call volume is now running at 2.48x the daily average, with 61% of all calls traded being purchases on the offer. 1,518 contracts have traded on the session so far. Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The contract drilling business is composed of three business segments: U.S. land drilling, offshore drilling and international land drilling.