Viacom (VIA/B) trades up 44 cents to $40.74 after reporting a $1.06 per share quarterly profit, which was four cents better-than-expected. In early options action, one strategist sold 10,000 Nov 41 calls on the stock at 85 cents each. The block is tied to 200K shares at $40.75 and might exit a position opened on 11/4 when a 9000-contract block of Nov 41 calls traded on the stock for $1.50 when the market was $1.35 to $1.50. Although VIA/B is up 8 cents since that time, the calls are being sold at a 65-cent loss due to time decay and falling implied volatility.