MER must be going somewhere

When you see something like a large quantity of options in either open interest or you see a large quantity of volume, it has a way of getting attention.  In this case, it has happened with MER, and this is a call volume that got my attention.

Check out the $70 calls for Jan08.  This is something pretty amazing.  It makes me curious, and want to pile on just like the good sheep that I can be.  Unfortunately I didn’t see the volume sizes go through, so I’m not sure if this was just a couple of large trades or a high quantity of small trades.

If you have any insider info on this, let me know and I’ll split the profits I make.