Seeing a steady flow of call activity in Talisman Energy (TLM, news, chart, volatility) Tuesday. Shares are up 72 cents, or 8.7 percent, to $9.00 on no news. Total options volume is running five times the typical levels. 11,000 contracts have traded, with 86 percent of today’s activity on the call side of the options chain. The top trade of the day is 1,975 December 10 calls traded offerside for 49 cents. The day’s other trades seems to be mix of buying and selling, and has come in orders of fewer than 500 contracts focused on the December 10, January 12.5, December 12.5, and April 10 calls.

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