15,000 DLTR Dec 82.5 calls traded in several blocks for .40 and were outright, without stock.
Dollar Tree Inc. was trading at 79.00 with an IV 30 of 26.93 and an HV 10 of 38.7% and saw heavy call action today.? The stock which has an ADV of 3,100 and open interest of 92,000 contracts is seeing heavy buying of the December 82.5 calls.? Traders have bought north of 15,000 of these calls in small and large blocks for .40.? These call purchases have been outright, without stock.
This appears to be a straight play on DLTR rallying between now and a week from Friday.? The customer either thinks DLTR could run above 83, or alternatively, the customer is hedging a short on a big up day.
This trade should be considered aggressively bullish the underlying and bullish volatility in Dollar Tree Inc.