Nordstrom (JWN) adds 91 cents to $40.85 and is in the midst of a three-day 9.1 percent run higher. Oct 42 calls on the retailer are seeing noteworthy action. The top trade is a 2,635-contract block at $2.35 on ISE and an opening buyer, according to ISEE data. 7,730 now traded against 259 in open interest. The contract is now 2.8 percent OTM with a delta of .48 and expiring in 58 days. No news on Nordstrom today. Earnings were last reported on Aug 11. Shares moved up 5.5 percent on the news, but have seen seesaw action since that time. Today’s call buyers seem to be looking for additional gains in JWN in the weeks ahead.

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