Volatility Buyer in Vodafone

Worldwide mobile telecommunication services provider Vodafone Group Public Limited Co.

saw the January 2013 28 straddle purchased Tuesday afternoon 7,500 times for a premium of $3.05. The trade was tied to 135k shares of stock at $28.78. To break even on the straddle purchase, Vodafone will need to be trading at $31.05 or $24.95 at January expiration. Any price above or below these levels will bring a profit on the option strategy. Vodaphone's current 52 week range is $24.31-$29.28 so it looks like today's straddle buyer is looking for an unusual move in the stock over the next 6 months.