Don't understand people buy OCt $10 call today, 500 contracts
it's a lottery ticket...
I think they are betting that TBV comes in around $10.00 or greater.
$7 to $10 is about 50% in 20 days.
Their not buying them, they are selling them.
its a bet that a buyout comes south of 10. could be a hedge on a long equity postion. cheap protection