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January 24, 2013  Thu 3:47 AM CT

One investor apparently thinks that Anadarko Petroleum is setting up for an historic breakout.

optionMONSTER's Heat Seeker monitoring program detected the purchase of 7,500 August 85 calls for $4.45. An equal number of August 100 calls were sold at the same time for $1.09, resulting in a net cost of $3.36.

Known as a bullish call spread, the trade will leverage a move between two prices, in this case $85 and $100. The investor will recover all of the initial investment if APC closes at $88.36 on expiration and will double his or her money for every $3.36 it climbs up to $100. (See our Education section)

APC fell 0.88 percent to $78.79 but is up 18 percent in the last three months. The oil and natural-gas company, named after a geographical formation in Texas and Oklahoma, has never traded over $89. But, it's been steadily making higher lows for the last 20 years, and yesterday's trader is looking for a push up to triple digits.

More than 39,000 contracts changed hands in the session, according to the Heat Seeker. Calls outnumbered puts by a bullish 6-to-1 ratio.
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