One player is leaping into bullish position in Leap Wireless (LEAP) before the weekend. Shares are down $1.16 to $29.39, the day after Pali Research whacked the stock with a Sell rating. Sentiment in the options market is decidedly more bullish. Total volume is running 8X the usual. One player bought 6,500 August 35 calls for 85 cents, according to a contact on the PHLX. 13,000 calls traded total, compared to 960 puts. Implied volatility is moving up to 57.5, from about 53 the day before.