Implied volatility in the options on Kodiak Oil and Gas (KOG) is moving higher amid a flurry of options activity Monday morning. Call volume is outpacing put activity by a margin of more than ten-to-one after 25,000 calls and 2,300 puts traded on the Denver, CO oil and gas company. Sep $11 calls are the most actives. 11,580 traded (80 percent Ask). Upside Dec 11, Aug 10, Aug 9, Dec 10, Sep 9, and Dec 12 calls are also seeing volume and 30-day ATM vols are up 23 percent to 93. An article on Seeking Alpha blog notes that a recent SEC filing showed Citadel Advisors Ken Griffin doubling his stake in KOG to 15.1 million shares, which represents 5.4 percent of shares outstanding.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.