When trading at 8.03 earlier today, a trader bought 27,000 of the July 10 calls paying between 15 and 25 a contract.? In the process the trader ran the volatility up about 10 points from 44 to 54%.?
This company ?trades by appointment? as it has an average daily volume of 9 contracts.? This appears to be an outright call purchase from an investor that thinks the underlying is going to move higher.? This should be viewed as bullish the name and bullish volatility.
Traders looking to piggy back could buy the Oct 10 calls which have 3 more months to them and only cost about .10 more.? About 3,000 of those have traded as well.? Another interesting play might be the Jul-Oct 10 call spread paying a total of .1.