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, Mike Khouw spoke about unusually high bullish options activity in
JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETNAMJ. Call options trading volume was 40 times higher than the average call options volume as traders were making bullish bets.
There was one particularly large trade on Wednesday. A trader bought 50,000 contracts of the January 2017, 30/40 call spread for $0.80. The trade breaks even at $30.80 or 41 percent higher than the Wednesday's close. If the stock jumps to $40 or higher, the trade can maximally make $9.20.
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