Krispy Kreme is seeing Notably bullish option flow in front of Wednesday’s post-close earnings release. 3700 calls on the tape by 11am (vs 3 puts) and the focus is on the Dec 7.5 strike, where buyers have paid up to 30 cents to open new positions struck about 12% above current spot. Front term ATMIV of 90% is nearly 20points above Jan ATMIV, and suggests an earnings day standard deviation of nearly 17%, dramatically higher than the non-earnings daily deviation of approx 3.65%.