International Game Technology (IGT, news, chart) is near $25.50 today, and despite occasional takeover chatter in the name, the option flow suggests a trader comfortable selling a sizeable block of at-the-money six month Calls to open a new position. In this trade on the PHLX 11,000 Jan-09 25 Calls were sold at $3 tied to a delta-netural hedge of 616,000 shares at $24.85.