The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Top Gun Options) -- Stock market averages moved higher in a relatively quiet session Thursday. The underlying tone of trading remained positive for a third day after eurozone equity markets rallied around news European Central Bank officials agreed to offer more loans to troubled European banks. UK's FTSE paced the advance with a 3.7% surge. In the U.S., the domestic economic calendar included one sole stat, which showed jobless claims increasing by 6,000 to 401,000 last week, in line with expectations.
In bearish trade, eBay ( EBAY) adds 62 cents to $31.17 and is on a three-day 10.8% run higher. Some investors apparently see the strength as an opportunity to write April 35 calls on the stock. The top trade is a 4,453-contract block at $2.35 on ISE and an opening seller, according to data from the exchange -- 18,321 now traded against 592 in open interest. A total of 30,000 calls and 5,900 puts traded on eBay Thursday. Ahead of the employment number, Monster Worldwide ( MWW) moved higher and 4,065 Nov 8 calls traded on the online employment solutions company. The flow includes a multi-exchange sweep of 2,200 contracts at 75 cents when the market was 65 to 75 cents. One hundred percent of the volume has traded at the ask and open interest is only 50 contracts. Sentiment data reflects at a firm buyer. Firing Line: Overall the market is waiting for the employment numbers which should make for an interesting trading day today. Happy hunting and make sure you hedge!