Notable Call Options Activity in Triangle Petroleum

Shares of Triangle Petroleum

are higher on the session by 8.54%, currently trading at $4.83. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $5.00 call traded 1,800 times on open interest of 2,261 contracts. Calls are outpacing puts today by 40 to 1. Triangle Petroleum Corporation is an oil and gas exploration and development company focused primarily on the acquisition, exploration and development of resource properties consisting mainly of unconventional oil and gas reserves.