Life Technologies is hitting a 52-week high of $52.10 a share and option volume is 8x the daily average. The notable trade is bullish February risk-reversal, as 5,000 of the $55 calls were purchased and 5,000 of the $50 puts were sold for a 40c net credit. CORRECTION- floor source tells us this was a strangle seller, collecting 3.10 5000x.