DLLR is trading at 9.59, up .14 today.? Traders are buying up the 10 calls in both May and July.? Traders ran the May 10 calls up to a .25 and the July 10 calls up to .40 a contract.? Both appear to be outright purchases and have spurred volume across other strikes.? This has driven up volatility about 5 points today.
So far over 15,000 of the July calls have traded and another 8,000 of the May calls.? Its possible that the May calls are hedging of the July.? In relative terms the July options are appear to be much cheaper than the May.
Traders looking to take advantage of this flow could look at the DLLR May-July 10 call spread or potentially the 12.5 7.5/10 call spread in July.