Superior Energy Services (SPN), a New Orleans-based oil services co., is up 49 cents to $18.32 and options volume is running 20X the normal. Most of the activity is related to one three-legged strategy, where an investor apparently bought 2500 Dec 22.5 calls for 78 cents and sold the same number of 15 – 17.5 put spreads for 83 cents. All traded on the ISE, where sentiment data confirm the calls (and half the puts) are opening customer buys.