Hartford (HIG) continues to move higher ahead of its July 29 earnings report adding another 5.5%to $15.85 today and up some 30% in the past week. Option volume is 3x daily average in across the board repositioning. In the front month August $13 calls have traded 5,000 contracts between 2.90-3.20 with 75% of volume at the bid in what looks like rolling up from the open interest that built last week to 9,900 when stock was around $12 and calls were trading 60-70c. Fresh positions are being open in the August $16,17 and $18 which have volume exceeding prior open interest in two way trading. On the put side fresh buying in the August $14p and the Jan. $7.50/10 was spread 5,000 x in what looks like a roll up.

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