Earthstone Energy (ESTE) unusual buyer of 1500 April $20 calls at $1.50 today as shares have a strong +6% rally and are coiling in a tight bull flag right at monthly VPOC near 14.75 with a potential trendline breakout coming on a move through 15 and larger move above 16 would target teh 18.75 VPOC from earlier this year. The small cap oil and natural gas company has a 22% short float as well so a factor that can ignite a rally higher. Sometimes a stock like this with higher short interest will see calls bought as a hedge against short stock but this chart is bullish and as long as doesn’t close below 13.50 it looks poised to make a move higher.