HUGE Volume in SGMS Calls

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Scientific Games             Corporation ( SGMS             ) is a manufacturer of gambling and gaming machines for lottery and gaming organizations around the world. The company’s stock is currently trading around $13.20 in a 52 week range of $7.55-$19.48. The stock has been very strong over the past year with shares rising around 42% in the past 12 months. Big call buyers in today’s trading session are betting that this trend continues. Earlier in the session a trader bought 6,000 SGMS             Apr             12.5 Calls for $1.40. Over 9,500 contracts have now traded on that line and volume has reached 48 times the average daily option volume in SGMS             . Although the stock is trading below the Ichimoku Cloud it is trading in the middle of its 52 week range. We believe that order flow this significant is reason to justify a long position in SGMS             .

My Trade: I bought the SGMS             Apr             12.5 Calls for $1.40
Risk: $140 per 1 lot
Reward: Unlimited
Breakeven: $13.90
48 Times average Daily Options Volume...I like it....even a retest to the cloud at $16 level would be a nice return
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