Calls Purchased on Petroleo Brasileiro S.A. (PBR.A)

Shares of Petroleo Brasileiro S.A. PBR are lower on the session by 0.17%, currently trading at $36.04. The stock has been moving largely higher over the six months and is currently consolidating above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the September 2011 $40.00 call was purchased 1,500 times, on the offer, on open interest of 372 contracts. Overall call volume is now running at 25.02x the daily average with 100% of all calls traded being purchases on the offer. Petroleo Brasileiro S.A. is an integrated oil and gas company. The company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international.