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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