Yesterday we reported on a three-way call stupid where the customer bought the Nov 65, Jan 75 and Jan 16 85 calls.? The customer appears to be doubling down trading 10,000 more each for 1.55, .60 and 1.50, respectively.
This is an aggressively long vol and long the underlying trade.? Traders looking to piggy back this trade could look at buying the Jan 70 calls for 1.20 which in relative terms are somewhat cheap on the board.