Kodiak Oil & Gas saw upside option trading yesterday amid speculation that the company is a takeover target.
OptionMonster's tracking systems detected bullish call buying on Oct. 19, and not long after the stock began to surge. Yesterday upside option action returned to the name as traders bought about 4,000 Feb 7.50 calls for $2 to $2.25 as the stock has ticked up from $9.40 to $9.63. Open interest was only 271 contracts at that strike, so this was fresh buying.