Unusual Options Activity Alert: ASTM

• Options Insider's scanners picked up an unusual volume surge in ASTM today.
  
• ASTM typically trades 200 contracts per day. Today's volume was well north of 10,000 contracts
• Call Roll - The bulk of the activity is centered around 5,000 MAY/AUG 2.5 Call spreads. Paper purchased AUG and sold MAY.
  
• Open Interest levels on the May 2.5 calls indicate that this is a roll of an existing long call position to August, indicating the trader is probably extending a bullish bet on the underlying.
  

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