6000 YUM call spreads trade
Yum brands currently up 1.95 has seen nice flow of call spread today.? A trader bought the Aug28 86/89 call spread? in small lots for between 1.28 and 1.32 a total of 6,000 times.? The spread was traded mostly on ISE but also placed on CBOE entirely through the system.
This trade should be considered aggressively bullish volatility and the underlying as the trader believes the underlying is going to rally between now and next Friday the 28th
Traders looking to piggy back might consider doing a similar spread in the standard September contract.