KOG Sees Call Buyer(s) Appear

Kodiak Oil & Gas Corp. ($8.37) has seen more than 3 times its average daily contract volume trade this morning with the Sept. 11 Calls recieving most of the attention. More tha 11k contracts have already changed hands and, with Implied vol. spiking more than 20%, it looks like buyers ahead of earnings which are set to be released next week. Open interest in this strike is high enough to cover todays volume so it could be closing activity. Calls are now outpacing Puts at a more than 10 :1 ratio.