MBIA (MBI) sees a midday spike on high volume, is now up $1 to $9.17, and moving to session highs. Recent options trades on the mortgage insurance company include a 15000-contract block of Jan $11 calls bought for 75 cents per contract. it was tied to shares at $8.94 on a 36 delta and appears to be an opening trade. Jan 7.5, 9 and 10 calls on MBIA are also seeing interest, as are the Feb 10s. 28,000 calls and 2,030 puts traded on the stock and implied volatility is up 9 percent to 100 (First posted at 14:20).