Susquehanna options strategist Alison Edwards notes bullish options activity in Cigna Corp. (NYSE: CI), as an opening investor bought 15k Jan 220 Calls most for $2.90, untied. This investor breaks even in the event of a 12.5% rally in the underlying through mid-January.

Note that the company is in the process of acquiring ESRX and a Wall Street Journal report on 9/5 that the DoJ could approve a deal “as soon as the next few weeks.”