Options Traders Looking for Big Anadarko (NYSE:APC) Move

If you gauge things by options traders, than Anadarko (NYSE:APC) could be ready to make a big move after their presentation at the Credit Suisse Energy Conference on Tuesday.

Options activity on Anadarko soared Friday, with volume exceeding the daily average by over double. The bulk of the interest was in contracts set to expire on February 18.

According to OptionMonster's tracking systems, the February 80 calls traded over 8,000 times, earlier in the session surpassing $2, while pulling back later in the day closer to $1.80.

February 85s and February 90s also attracted interest, with calls out numbering puts by over a five to one margin.

Anadarko was trading at $78.71, up $0.39, or 0.50 percent, as of 12:19 PM EST.