UNUSUAL OPTION ACTIVITY:In FTR, they sold 20,000 MAR 4 Calls, post earnings for $.60. This could be against Feb positions that a customer has been building over the last few months. We have seen a customer sell 22,000 GFI Jul 18 Calls for $.45. In XLF, a customer bought 175,000 May 16 calls for $.21. This is a huge bet on America that things are getting better. Perhaps risk is here to stay.
By: Greg Zimny