Options Action: Seizing Calls as NatGas Shares Jump

MarkWest Energy is up nearly 17 percent and has attracted the attention of options traders.

Traders have been buying calls for the last week in the natural gas company, which was near its highs of the session at $11.10 at midday.

The January 10 calls are trading at $1.20.

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MWE shares have steadily declined since their 2008 closing high of $37.80 back in early June. MarkWest hit a 52-week intraday low of $6.55 on Dec. 23 after its latest downgrade.

More Independent/Small-Cap NatGas Cos.

Linn Energy

Anadarko Petroleum

Forest Oil

Pioneer Natural Resources


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