A three-way spread is bullish on GlaxoSmithKline.
Almost 10,000 GSK options have traded so far today, compared to a daily average of just 709 for the last month. Virtually all of that action is in a January 2015 combination trade.
optionMONSTER systems show that a trader bought 3,000 of the 52.50 calls for $2.50 and sold 3,000 each of the 60 calls for $0.60 and the 47 puts for their bid price of $2.10.
— Option Monster