Sixty-one-hundred and seventy-one(6171)Jan.19,2013 $17.50 calls were bought today at around $14.10 per call. I think I would rather buy the stock, collect the dividend, and not have time limitation problem.
It was pointed out to me by Norm Lasky that subject purchased options were closed out so I withdraw my comments that the individuals or institutions that bought those options believed the stock was going to rise as I had indicated. Both Norm and I believe that BB&T stock is a great buy at its present price. Time will tell of course.
The only thing that can be said is the fact that those institutions or individuals that bought those options believe the stock price will be above the sum of the price they paid for the options plus the strike price. Nothing more is for certain.
If you are new to investing - don't invest too much until you become more familiar with the market.