Autodesk Inc. was trading at 55.54 when a customer traded a time ratio diagonal.? The customer bought the July 55 calls for .92 5339 times.? The Customer then sold the the August 60 calls 16,073 times at .73. This was certainly an opening a trade.
This trade should be considered bullish the underlying as my guess is that this is a legged buy-write with the customer closing short calls and reopening at the 60 strike.? It should be considered bearish volatility as the customer is better that the near term top is somewhere near 60.00 a share
Traders looking to piggy back could look at the Aug 55/60/65 fly for about 1.70.