Andrew Houghton and Nick Atkeson

   

Yesterday, there was heavy and aggressive upside call buying in Anheuser-Busch (BUD) June and September calls -- namely the BUD June 55 Calls (BUDFK), the BUD June 60 Calls (BUDFL), the BUD June 65 Calls (BUDFM), the BUD Sept 55 Calls (BUDIK), the BUD Sept 60 Calls (BUDIL) and the BUD Sept 65 Calls (BUDIM).

The rampant call buying is on again today in the BUD June 55 Calls (BUDFK) and BUD June 60 Calls (BUDFL), with the stock up about 2% yesterday and 1.5% so far today.

BUD is expected to report its earnings on July 25, well after the June expiration. Either these investors have had too much to drink, or the party is on!

For more fresh options trading ideas from Andrew and Nick, click here.