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.
— Option Monster