Options Data

Today's unusual options trading, from whatstrading.com .

PPC is seeing heavy call volume, mainly in June 12.50s.

PPC is in a nice little uprend but wel off the 12.50 strike price. This could be a hedge on a large short postion, or just a speculative position betting that this will keep rising. it's not the strategy that baffles me, it's the size of the position (assuming that that is one trader, probably a good assumption).