Notable Call Options Activity in Oasis Petroleum

Shares of Oasis Petroleum (NYSE: OAS) are lower on the session by 1.93%, currently trading at $29.82. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average.

Options traders are focusing on calls today. The strike seeing the heaviest volume is the May 2012 $35.00 call, which has traded 635 times on open interest of 1,434 contracts. Small lots are active in multiple months.

Calls are outpacing puts today by 4 to 1.

Oasis Petroleum Inc. is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas resources.