Calls Purchased on PetroChina Company (PTR)

Shares of PetroChina Company PTR are higher on the session by 3.02%, currently trading at $137.67. The stock has been moving largely higher over the past 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 April 2011 $150.00 call was purchased 1,700 times, on the offer, on open interest of 1,872 contracts. Overall call volume is now running at 5.95x the daily average with 83% of all calls traded being purchases on the offer. PetroChina Company Limited is principally engaged in manufacture and distribution of petroleum, natural gas and related products.