Trader Makes a $4 Million Bullish Bet in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) is an energy exploration and production company with production around the world. The company’s stock is currently trading around $100.25 in a 52 week range of $73.60-$103.50. The stock has been massively outperforming the market this year with shares of APC rallying more than 26% year to date. Options traders seem to think this trend will continue as we have seen some huge bullish bets hitting the tape today. Earlier this morning a trader bought 25,000 APC Jan 2015 120-135 Call Spreads for $1.61. This order represents volume nearly 2.5 times the average daily option volume in APC. This trade also required this trader to lay out more than $4 million in premium. With the chart of APC trading in bullish territory order flow this strong could be signaling some serious upside in APC.

Block Trade: Trader bought 25,000 APC Jan 2015 120-135 Call Spreads for $1.61
Risk: $161 per 1 lot
Reward: $1,339per 1 lot
Breakeven: $121.61

Andrew Keene

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