LEA has a Date with $91

Lear Corporation manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to original equipment manufacturers across the world. I watch for Unusual Options Activity and I saw a HUGE Call buyer of the June 90 Calls for $2.10. Then I looked and the Open Interest of this line was over 51,000. This means that a trader has the right but not obligation to buy 5.1 Million Shares of LEA at $90 between now and June. With an order that is this large and the stock only trades about 80,000 Shares in a day, this is a perfect time to get long LEA, but I did this through Call Options. However, a trader sets up well to the long side:

The Trade: Buy LEA at $83.40
Stop Loss: $79.40
Target #1: $85.40
Target #2: $87.40
Target #3: $89.40
Target #4: $91.40

Once I get filled in target #2, if I want I can move my stop to breakeven.