Unusual Options Trading Action In Regions Financial (RF)

So far today there has not been any corresponding put option activity so this is unlikely going to be viewed as hedging.

Regions shares are up 1.2% at $6.43 on more than 32 million shares as of 2:07 PM EST.  The 52-week range is $2.82 to $7.45 and the average daily volume is about 23 million shares.

It sure looks like someone is thinking that there is a lot of room left to run in Regions.  Even if that $8.00 strike price does not get hit, those May $8 calls will offer a lot of leveraged return if the shares make another considerable move higher in a short period of time.

JON C. OGG