Notable Call Options Activity in PetroQuest Energy

Shares of PetroQuest Energy PQ are higher on the session by 8.98%, currently trading at $6.19. 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 October 2011 $6.00 call traded 1,100 times on open interest of 342 contracts. Calls are outpacing puts today by 1,000 to 1. PetroQuest Energy, Inc. is an independent oil and gas company with operations in Oklahoma, Arkansas and Texas and the Gulf Coast Basin. As of December 31, 2009, the company's proved undeveloped reserves totaled 67.9 billion cubic feet equivalent.