Huge Call Roll in A

Huge Call Roll in A

Agilent Technologies (A) was trading at 41.25 earlier today and has an average daily volume of 3,200 contracts and open interest of 90,000. ?A customer that was long the A January 40 calls closed a winner, selling the Jan 40 calls at 2.33 about 34,000 times.? He or she then bought 28,000 of the Jan 45 calls for .56.? This trade was tied up to stock.

This trade appears to be a close a win and put some more money out there to see if one can make more money on the underlying.? Traders looking to piggy back might consider buying the 42.5 calls and selling the 45 calls against them in a spread.? IV is up in this name over the last few weeks, these calls are juicy.

This trade should be considered aggressively bullish both volatility and the underlying.