Someone just scooped up a massive position in Global Payment (GPN) options. We're talking 5,000 contracts of May expiry calls with a $100 strike, paid around $2.95 per contract. That's a bullish bet worth nearly $1.5 million in premium alone.

Word is this might be an activist-driven play. One known player in the space is reportedly going heavy into this one. When activists start building positions like this, it usually signals they see significant upside potential or have plans to push for changes.

The May timeframe gives them a short runway, which could mean they're expecting movement sooner rather than later. Worth keeping an eye on how this develops.