MeetMe Inc. was trading at 3.70 earlier today when a trader bought just under 20,000 of the April 5 calls paying a .1? then .15 followed by .20 for the last of the lot.? This has run up volatility aggressively in April, although April was down on the day to start the day.? This is certainly an opening trade.

This trade should be viewed as aggressively bullish both volatility and the underlying and points toward the trader believing that there will be a quick move higher in MEET shortly.? Traders looking to piggy back this trade should consider the April 4/5 call spread for .20 which has a much more favorable risk reward.