A customer who was long the MBI Dec 27 11.5 weeklies expiring tomorrow sold out or his or her positions and rolled it up and back.? The trader sold 5,000 of the Dec 27 11.5 calls at .30 and then bought 7500 of the Jan 10?s for .35.
The customer appears to be a small loser on the exit, but is betting that MBI will move higher.? The stock, currently trading 11.82 has a 52-week high closer to 14, so the best guess is he or she is looking to make a move toward 13 or 14.
This trade could be some sort of odd hedge trade, but is likely bullish both the underlying and volatility.