Paper bought 12,000 BBRY Aug 8 calls paying .31, tied to stock.
Blackberry LTD, trading 7.43 with an IV30 of 43.12 and an HV10 of 17.85m has earnings on June 23 before the market.? The Canadian mobile phone maker, with an ADV of 10,750 and an OI of 474,000, is seeing lots of call buying today.? A trader, tied to stock bought 12,000 of the August 8 calls paying .31.? Based on the volume this trade is opening.
This could be a stock replacement play with the trader taking some stock off the table in exchange for more long calls.
The trade should be considered aggressively bullish volatility in BBRY and bullish BBRY volatitly.