Calls Purchased on American Electric Power Company (AEP)

Shares of American Electric Power Company AEP are higher on the session by 0.84%, currently trading at $34.98. 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 April 2011 $35.00 call was purchased 4,200 times, on the offer, on open interest of 1,953 contracts. Overall call volume is now running at 3.41x the daily average with 98% of all calls traded being purchases on the offer. American Electric Power Company, Inc. is a holding company. The service areas of AEP's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.