Consenco (CNO) saw a spike in midday trading and was recently up 85 cents to $4.44. Some players are looking for additoinal upside in Sep 5 calls, with 7382 contracts traded and 77 percent hitting ask-side. 11K calls traded total, compared to just 350 puts. Implied vols (average) are moving to 120, from about 108 late Monday.

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