There is huge volume on WFT 9 calls as paper bought 10,600 from a low of .24 all the way up to .30.

WFT

Weatherford International PLC, trading 8.12 (down .01) with an IV30 of 74.52 and an HV10 of 37.14, has earnings this Wednesday, May 4.? A customer is sweeping May 9 calls at many prices today.? The stock, with an ADV of 6800 and OI of 197,300 contracts, is seeing huge volume on the May 9 calls as customers have bought 10,600 of these calls paying from a low of .24 a contract all the way up to .30, with the largest block being .29 and .30 a contract.

This trader is making a bet that the stock is going to be moving higher between now and May expiration and is likely making a play on Earnings in the name.? 10,000 more of these did also traded on Thursday at slightly lower prices.

This is an aggressively bullish trade in both the underlying and the volatility.