Shares of Anadarko Petroleum Corp (APC) are us 3.58 to 107.50 today. APC is making a 52 week high today.

Today paper traded 1070 APC Jun 115 calls for .60.? ?The ADV is 23942 contracts.? The OI is 967 contracts.

The volume went up in one large block.? Size volume for this strike as 14k contracts change hands.? The .60 trade is already .30 in the money.? The block went up through the offer so the buyer was looking to gain on the news.? APC is the subject of buyout rumors.

30-day implied volatility is 35%.?? 10-day implied volatility is 10%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. As of December 31, 2011, the Company had over 2.5 billion barrels of oil equivalent (BOE) of proved reserves.