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Calls Trade in CPN

Shares of Calpine Corp (CPN) were down .66 yesterday to 21.03. The stock is trading in near the top of the 52-week range.

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BMC Software (BMC) – Upside Skew and Bearish Bets

The company has traded over 11,000 options on total daily average option volume of just 1,205. However, the largest trade looks like an Oct 37/38 risk reversal (buy puts/sell calls) 5,000x accounting for 10,000 contracts.

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