RRI Energy (RRI) is down a dime to $6.05 and 15K Jan10 calls at the 7.5 strike traded. The action includes 10K bought for 50 cents and appears to be a new position. Existing interest is 1,869. No headlines on the stock today. Implied volatility (average) is up to 63, from about 60.5 late yesterday.

2 users commented on " RRI Energy Inc (RRI) $6.06 -1.46% "
Follow-up comment rss or Leave a TrackbackMaybe a vertical spread of some sort based on the activity from 8/21… 15k (same volume) traded at the $5 call??? Just a thought.
good point. similar size. the open interest is still there in the Sep 5 calls. they might be rolling from the Sep 5s to Jan 7.5s, but not yet executed the closing of the Sep 5s.
Stock is grinding higher. There might be something to this.