With MTL trading at 2.44, a customer, using the sweep function across multiple exchanges, sold just under 32,000 of the April 3 calls selling them all the way down to .15.? This appears to be a customer legging into a buy-write where the customer buys the underlying in the open market followed by him or her sweeping the options exchanges to get the buy write done selling.
This trade should be viewed as mildly bullish the underlying as the customer wants MTL to rally about 20% from here and should be viewed as bearish volatility.? If one was looking to piggy back, for a .15 price these actually do not look like a bad purchase.