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One investor is betting on a rebound in Anadarko Petroleum with a bullish four-way strategy.

optionMONSTER's Heat Seeker tracking system detected the purchase of 4,000 November 67.50 calls for $5.48 and the sale of 4,000 November 85 calls for $1.25. Equal-sized blocks were sold in the November 55 puts for $4.57 and bought in the November 50 puts for $3.19. Volume was more than quadruple open interest in all four strikes.

The complex trade combines elements of a bullish call spread and a put credit spread . It resulted in a cost of $2.85 and will earn a maximum profit of 514 percent if the oil-drilling stock closes at or above $85 on expiration. The investor can also lose $5 beyond the initial outlay if shares drop to $50 or lower. (See our Education section)

APC slipped 0.23 percent to $63.96 yesterday and has lost more than one-quarter of its value in the last three months. It's fallen along with other energy stocks as investors worry about the European debt crisis and a slowing Chinese economy.

More than 60,000 contracts traded in the name yesterday, compared with about 9,000 in a typical session.

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