As a follow up to my post yesterday, another huge block of AA upside call options were purchased this morning….15,000 Aug 24th expiration 45 calls were bought in one big trade at $.55. Stock was trading at $42.90 approx. at the time. Exchanges marked the trade as a “spread”, so possibly might be a stock replacement strategy, but whatever the case, AA immediately took off….now trading at $43.75 and the calls are $.80-90 market. The Aug 17th 44.5 calls I wrote about yesterday are currently $.60-.70 for reference (most purchased at $.55 by coincidence).