Dick's Sporting Goods reports earnings this morning, and some traders are already looking at giant profits.
OptionMonster's tracking programs detected unusual call buying in the specialty retailer on Friday. Activity focused on the March 50.50 and March 53 contracts. At the time the stock was down about 3 percent, battling to hold its 200-day moving average.
Then the buyers stepped in, and Dick's shares proceeded to erase all its losses and end Friday up 0.48 percent to $50.60. But that was nothing compared with the gain in the options.