WDC trading 90.50 reports earnings on April 30th.? Today a customer bought the May 95/100 call spread 5,000 times paying .95 a spread.? The stock would need to rally to over 95.95 for this trader to make a profit by expiration.

This trader should be considered aggressively bullish the stock and aggressively bullish the underlying.? With skew still somewhat flat in this name.? Traders looking to piggy back could consider buying the May 95/100/105 butterfly for about .50 (the stock has rallied.? It is a little less ?vol centric? and would do better on a somewhat more muted rally.