Bulls Betting on PG&E Corporation (PCG)

Shares of PG&E Corporation PCG are higher on the session by 0.86%, currently trading at $45.94. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $45.00 call was purchased 1,600 times, on the offer, on open interest of 1,142 contracts. Overall call volume is now running at 12.78x the daily average with 99% of all calls traded being purchases on the offer. PG&E Corporation is a holding company whose primary purpose is to hold interests in energy-based businesses. PG&E Corporation conducts its business principally through Pacific Gas and Electric Company, operating in northern and central California.