The company has traded over 11,000 options on total daily average option volume of just 1,205. However, the largest trade looks like an Oct 37/38 risk reversal (buy puts/sell calls) 5,000x accounting for 10,000 contracts.

Bullish Option Activity Alert: CBS

by Patrick (Rick) Mortimer | Sep 8, 2010 | Unusual Activity

CBS Corp. (CBS) is seeing unusual option activity today with investors buying the Oct. 16 Calls. 6.6k contracts have already traded this morning, with almost all being new positions.

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