Unusual Options Activity: Bullish Trade on Peabody Energy

We noticed a big, bullish trade being opened Thursday on Peabody Energy (BTU). So fay, the Oct. 26 and 31 calls and the Oct. 22 put have each traded more than 2,300 contracts, outstripping open interest at all three strikes. The 31 calls and the 22 puts have been moving at the bid, while the 26 calls have been moving high in the bid-ask spread. This looks like a bullish debit spread with an additional sold put.