Ford Motor Company was trading at 17.00 earlier when a customer appeared to be rolling up a winning long call trade.? A customer sold 45,000 of the Sep 17/18 call spreads at .34 a spread.? Based on the open interest on the Sep 17 calls this appears to be a close, while the 18?s are an open.
This is a customer that was right and appears to be taking money off the table and moving the risk up a strike.? Trader should view this spread as aggressively bullish the underlying and bullish volatility in the name as well.
Traders looking to piggy back this trade could consider out right buying the Sep 18 calls for .26.