Imax (IMAX) calls are seeing early activity on our Option Sonar with 6,511 contracts traded. Activity is focused in the November 10 calls where 4,140 have traded vs 663 contracts of open interest. Only 20% of the activity has traded on the offer, but spreads are $.20 cents wide and we do see implied volatility moving higher, which indicates buying.

Shares have been printing new 52 weeks highs the last few days and the activity is indicating that traders are looking for prices to continue their path higher.

So where the trade?