Call Spread Purchased on Brinker International (EAT)

Shares of Brinker International Inc.

are higher on the session by 1.39%, currently trading at $16.05. The stock has been moving largely lower over the past three months. Options traders are betting on some upside on the name. The January 2011 $17.50/22.50 call spread was purchased earlier in the session. The trade occurred roughly 1,000 times at $0.95. Max gain on the trade would be $4.05 or 426%. Call volume is now running at 35x the daily average. Brinker International, Inc. owns, develops, operates and franchises the Chili's Grill & Bar, On The Border Mexican Grill & Cantina, and Maggiano's Little Italy restaurant brands. At June 24, 2009, its company-owned and franchised restaurants included 1,689 restaurants located in 50 states, and Washington.