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Heavy Call Buying in OpenTable 15 MInutes before Apple Announcement

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At Monday's Apple (NASDAQ: AAPL) WWDC 2012 event, the company announced integration of OpenTable's (NASDAQ: OPEN) restaurant reservation service into iOS 6 and Siri. Just 15 minutes prior to that announcement, Benzinga reported a purchase of 4,690 October OpenTable 47.5 call contracts.

OpenTable was trading around $41.28 at the time of the option trade, but spiked as high as 45.85 on the announcement. 5,714 October 47.5 calls traded for the day.

OpenTable ended the day $42.31, a gain of 0.64%.

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