Calls Active on Kodiak Oil & Gas (KOG)

Shares of Kodiak Oil & Gas Corp RBS are higher on the session by 3.00%, currently trading at $5.15. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $5.00 call was purchased 1,000 times, on the offer, on open interest of only 228 contracts. This signals new positioning on the strike. Overall call volume is now running at 2.10x the daily average with 95% of all calls traded being purchases on the offer. Kodiak Oil & Gas Corp., incorporated on March 17, 1972, is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States.