Schering Plough (SGP, news, chart, volatility) is seeing bullish order flow for a second day. Yesterday, players stepped in and scooped up short-term November calls at the 20 strike. Today, an ambitious spread trader focused in on the January 17.5/22.5 call spread, paying 85 cents for a potential $6.65 and did this trade 11,000 times. Volume in both contracts is now 12,000 suggesting it might have been repeated more than once. Shares are down 62 cents to $14.88.