21,000 Reasons Cogent Communications’ Unusual Options Activity Screams Bull Call Spread

In case you’re new to options, the bull call spread involves buying a call option at one price and selling a call option at a higher strike price for premium income to lower the overall cost of the trade, where both have the same expiration date.Here are the various combinations based on going long the $35 call and short the $50 call, and four other strike prices, as I am writing this early in Thursday trading.As you can see, four of the five trades were for June 18 calls. You’ve got 5,000 each for the $35 ...