Unusual Option Activity 12.10.12

Bears Bear Market RagePaper sold 3700 VALE Dec 18-19 Call Spread for $.33 (2.1 times usual volume) when stock was trading $18.13

Paper bought 2200 SCHW Dec 13 Calls for $.50 (2.1 times usual volume) when stock was trading $13.37

Paper bought 3070 $GPS December weekly 30.5 Puts for $.63 (2.1 times usual volume) when stock was trading $30.49

Paper sold 9861 USB Jan-Dec 32 Put Spread for $.45 when stock was trading $32.10 Paper sold 33,607 MRO Dec 29 Puts for $.31 (5.4 times usual volume) when stock was trading $29.91