Options Steam Alert SWFT

A buyer of calls made a huge bet on Swift Transportation Company.  The stock which is trading $17.56 has already traded $13k Calls at the 20 Strike in Aug16 expiration.  So the buyer of these calls is looking for a move over the next 4 months.  Here is the alert below:

Alert: SWFT Aug16 20.0 Calls: 6250 @ ASK $1.25: 13k traded vs 99 OI: Earnings 4/25 $17.56 Ref

Expiration Breakeven: $21.25

This specific bet was a $781,000 bet in a single transaction.  I will definitely be looking for an entry into this name and get long this option as well.

Over $1.5M in this option has traded today.

UPDATE:

A trade for 12,500 Puts just went off at the 20 Strike in Aug16 Expiration as well.  It looks like the trade now is actually a complex options trade called a straddle where you sell a strike price on both the call and put side and collect the credit.  The credit received for this trade was $4.50 so they are looking for SWFT to trade between $15.50 and $24.50 through August expiration.

I will not be making a trade in this name today.