Scorpio Tankers president Robert Bugbee has bought his second tranche of the company's call options in a week.

The New York-listed company said the executive has added options on 100,000 shares with a strike price of $33.

He paid $265,000. The Scorpio share closed at $29.40 on Tuesday.

The options expire in January.

Last week, Bugbee bought options for 150,000 shares for $492,000.