Allstate (ALL) loses 64 cents to $24.30 and a Jan 30 – 32 call spread is sold on the insurance company at 23 cents, 7900X and a Jan 31 – 32 call spread at 12 cents, 8200X. Looks like both spreads now traded 13000X and appears to be an adjustment to an ongoing call-writing strategy. Both spreads traded 13000X on August 29 as well. At that time, both were bought, 13000X, and open interest data indicate a roll — from the 32s down to the 30s and 31s. Today, the opposite appears to be happening. The strategist is rolling out of 30s and 31s — to the 32s. Prior to Aug 29, on Aug 26, ALL had fallen to 52-week lows on concerns about the potential impact of Hurricane Irene. However, the stock rallied 7.6 percent on Monday the 29th after the impact from the storm was less damaging than feared. Shares are down 7.5 percent since that time and once again within striking distance (~2.8%) of those intraday 52-week lows of $23.62. It appears that Jan 32 calls, which are now 31.8 percent OTM with 123 days of life remaining, are being sold-to-open.