Well it looks like those 2- 5000 contract purchases ( January 2010, $100 strike) were long. The open interest went from 11,994 to 21,873. Both purchases were made on the ask, 5000 at $9.30 & 5000 at $9.40. Someone really thinks this stock will be well above $110 by January 2010. Sooner or later analysts will have to raise estimates, due to higher oil prices. Right now most are basing estimates on $65-$75 oil. Even Warren Buffet this morning on CNBC thought oil prices would continue to rise. Another cold front coming to Midwest, should help continue a decline in NG inventories.
5000 Jan 2010, 100 strike, call contracts just changed hands, don't know if it was a buy or sell. 11,000 of the same contracts were purchased about 5 months ago, and then again 9000 of the 90 strike 2010 call contracts were purchased a couple of months ago. Someone out there thinks there is good upside potential in this company, and putting big money behind their belief.