RE:Big bets made with IVN call options (TMX)As someone who trades a lot of options, those numbers don't mean a lot. In fact, the number of contracts doesn't even indicate a bullish or bearish stance. For example, if you owned 100,000 shares which is clearly bullish, and then want to write calls against that position, you could short 1000 contracts ( covered calls) and take in the premium. Overall, that would be still a moderately bullish position, but still less bullish than owning the stock outright. By writing those calls, you would have created an open contract. The net result is, you can increase the number of contacts ( even calls) by taking a bearish stance.