Anadarko Petroleum Bull Ups the Ante

Anadarko Petroleum has been climbing, and one big investor is positioning for a gusher.

optionMONSTER’s Heat Seeker tracking program detected the purchase of 25,870 February 80 calls for $2.42. Seconds later, 20,696 February 75 calls were sold for $4.25 against previous open interest.

This suggests that the trader bought the February 75s at a previous date, made money on those calls, and then rolled the position to the February 80 strike. The trader collected $2.5 million in the process, which may have been the initial investment.

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