Pre-Earnings Option Activity in FST

Independent oil and gas company Forest Oil Corporation FST is set to release their Q2 earning after the close on Monday and it appears at least one investor/trader is looking for a run-up in shares as a result of the release. Total contract volume is already more than 3 times the company's daily average with the near month 7 calls recieving the most attention. The largest block saw 3,000 August 7 calls trade on the offer of $0.40, pushing that strike's total volume to 5,000 contracts on the day. These contracts will need FST to rally at least 10.2% over the next 4 weeks to begin to show any profits.