The Interpublic Group of Companies, Inc (IPG) is a global advertising and marketing company. Shares of IPG are currently trading around $17.85 in a 52 week range of $13.67-$18.00. The stock has been relatively flat this year with shares gaining only 0.9% year to date. Options traders seem to be expecting a move higher however, as orders hitting the tape today are very bullish. Earlier this morning a trader bought 6,000 IPG Jul 20 Calls for $0.20. This trade is nearly 5 times the average daily volume in IPG. With shares of IPG trading above the Ichimoku Cloud this order flow could be signaling for a long opportunity in IPG.

Block Trade: Trader bought the IPG Jul 20 Calls for $0.20
Risk: $20 per 1 lot
Reward: Unlimited
Breakeven: $20.20

The Kroger Co. (KR) is a food retail and distribution company in the United States. The company’s stock is currently trading around $46.73 in a 52 week range of $32.77-$46.80. The stock has been massively outperforming the market this year with shares of KR rallying more than 18% year to date. Order flow in the options market during today’s trading session has been decidedly bullish indicating that traders think this trend will continue. Earlier this morning a trader bought 7,610 KR May 47 Calls for $0.30. This is a very bullish trade requiring the trader to lay out nearly $230,000 in capital. This was labeled as an opening position and the short time to expiration suggests this trader has a higher level of conviction in KR. With stock trading well above the Ichimoku Cloud KR could be setting up well for a long here.

Block Trade: Trader bought 7,610 KR May 47 Calls for $0.30
Risk: $30 per 1 lot
Reward: Untitled
Breakeven: $47.30

CenturyLink, Inc (CTL) is a telecommunications company providing services to a wide range of customers. The company’s stock is currently trading around $36.70 in a 52 week range of $27.93-$37.22. Shares of CTL have been doing well this year with stock rallying more than 15.25% year to date. Options traders seem to think this trend will continue as blocks hitting the tape today are decidedly bullish. Earlier this morning a trader bought 6,273 Jun 38 calls for $0.30. This is a very bullish trade that is most likely a speculative long as stock hits new 52 week highs. Shares of CTL are also trading above the Ichimoku Cloud, indicating they are in bullish territory. With a strong chart set up and bullish order flow CTL could be setting up well for a long here.

Block Trade: Trader bought 6,273 CTL Jun 38 Calls for $0.30
Risk: $30 per 1 lot
Reward: Unlimited
Breakeven: $38.30

Activision, Inc. (ATVI) is a publisher of interactive entertainment products across a number of different platforms. The stock is seeing a nice move higher today on the back of better than expected quarterly earnings released after the bell yesterday. The stock is currently trading around $20.55 up nearly 6.5% on the day. The stock has been in a 52 week range of $13.27-$21.50 and is approaching its 52 week highs in trading today. Options order flow has been bullish in the name suggesting traders believe the stock is make new highs through June expiration. Earlier this morning a trader bought 3,807 ATVI Jun 23 Calls for $0.13. This is a rather aggressive trade and although cheap calls are sometimes referred to as “lottery tickets” this trade sets up well on a risk vs. reward basis. ATVI is also near breakout levels on the Ichimoku Cloud, further supporting a long case.

My Trade: I bought the ATVI Jun 23 Calls for $0.13
Risk: $13 per 1 lot
Reward: Unlimited
Breakeven: $23.13

Hologic, Inc. (HOLX) manufactures diagnostics products and medical imaging systems. The company’s stock is currently trading around $23.95 in a 52 week range of $18.45-$23.98. The stock has been doing relatively well this year with shares rallying over 7.25% year to date. Options traders are looking for continuation of this trend as orders hitting the tape today have been decidedly bullish. Earlier this morning a trader bought 1,417 HOLX Sep 26 Calls for $0.75. This is a bullish trade with the stock trading above the Ichimoku Cloud, indicating this is most likely a speculative long bet. Stock is also making new 52 week highs today, also decreasing the odds of this trade being a hedge. With a strong technical picture and bullish order flow it seems that HOLX is setting up for a long here.

My Trade: I bought the HOLX Sep 26 Calls for $0.80
Risk: $80 per 1 lot
Reward: Unlimited
Breakeven: $26.75

salesforce.com, inc (CRM) is a cloud computing and enterprise solutions company providing customers with customer relationship management applications and software. The company’s stock is currently trading around $53.20 in a 52 week range of $36.09-$67.00. The stock has been underperforming the market this year with shares falling around 3.55% year to date.  Despite this relative weakness in CRM options traders are bullish through May expiration as orders hitting the tape today are very strong. Earlier this morning several blocks of the CRM May 55 calls began hitting the tape. A trader bought 4,603 CRM May 55 Calls for $0.72, shortly after this order a trader bought another 3,143 of these calls for $0.85. Nearly 15,000 contracts have now traded on that line and will create the largest line of open interest in May. Although the stock is trading under the Ichimoku Cloud recent price action has been bullish. With order flow this strong CRM sets up well for a long position from a risk vs. reward perspective.

Block Trade: Trader Bought CRM May 55 Calls for $0.72
Risk: $72 per 1 lot
Reward: Unlimited
Breakeven: $55.72