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Options Traders Hot For Oil & Gas Player

Linn Energy is up more than 17 percent Monday and seeing heavy options activity after a favorable article published this weekend.

More than 4,000 calls traded this morning at the January 15 strike price, eight times the 20-day average volume for all put and call contracts daily, according to OptionMonster's tracking systems. Open interest for those calls was 1,304.

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LINE shares closed Friday at $11.98 but are now trading over $14 after Barron's called the company's stock "enticing." The article noted that analysts expect the gas and oil developer, which was over $25 in June, to rise back above $20 in the next year.

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Rival Independent Oil & Gas Cos.:

Anadarko Petroleum

Forest Oil

Pioneer Natural Resources

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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.

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