Aggressively bullish on MET volatility and stock
MetLife currently trading 53.77 saw bullish call action today.? Traders bought through sweeps and tied up to stock just under 20,000 of the Oct 55 calls.? The volatility purchase was around 21.90 which has moved IV30 up 1.90% to 21.89.
This trade should be considered aggressively bullish volatility and the underlying as the trader believes that MET will move well above 55 a share between now and October expiration.
Traders looking to piggy back could look at the Sep-Oct 55 call spread.