Opening Call Buyer in E*TRADE

E*TRADE Financial Corporation

saw an early call buyer Thursday morning with 10,000 September 8 strike bullish contracts trading on the offers of $0.27 and $0.28. These contracts will need the stock to climb nearly 10% over the next seven weeks to prove profitable. This trade accounts for nearly all the volume so far this morning and is 4 times E*TRADE's average daily contract volume.