Shares of PetroChina  are higher on the session by 2.00%, currently trading at $128.77. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are focusing on calls today. A short while ago the September 2011 $130 call traded 1,000 times on open interest of 2,415 contracts. The Sept2011 $135 call also traded 1,000 times on 1,642 contracts.

Calls are outpacing puts today by 16 to 1.

PetroChina Company Limited is an oil and gas producer and seller in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline.

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