Traders want to bag gains in women's accessories company Vera Bradley.
OptionMonster's tracking program detected the purchase of about 3,000 December 30 calls for $0.70 to $1.05. Volume was more than 200 times open interest at the strike, indicating that new positions were initiated.
Calls lock in the price where investors can buy shares, so they can generate significant leverage in the event of a rally. If the stock doesn't move, however, they will expire worthless.