And that's what happened yesterday. TDC traded around $56.90 when the calls pushed higher before eventually closing the session up 2.88 percent at $58.24. The options, meanwhile, inflated more than 50 percent to $1.30.
Teradata's last earnings report in early May was weak as management cited customer "belt tightening." It touched a 52-week low on an intraday basis after that release, but then reversed and has been steadily climbing ever since.
Total option volume was five times greater than average in the session, with calls outnumbering puts by a bullish 17-to-1 ratio.
Data-center stocks including EMC and NetApp have also seen bullish activity in recent sessions.
—By CNBC Contributor David Russell
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David Russell is a reporter and writer for OptionMonster. Russell has no positions in TDC.