RF – Regions Financial Corp. – Investors initiated bullish trading tactics on Regions Financial this morning with shares of the banking and financial services firm higher by 4.60% to $7.74 as of 10:35 am (ET). Options players anticipating continued appreciation in the price of the underlying stock through June expiration purchased plain vanilla debit call spreads. Investors picked up roughly 6,000 calls at the June $8.0 strike for an average premium of $0.23 apiece, and sold about the same number of calls at the higher June $9.0 strike for an average premium of $0.03 each. The average net cost of the transaction amounts to $0.20 per contract. Call-spreaders make money if Regions’ shares rally another 5.95% over the current price of the stock to surpass the average breakeven point at $8.20. Maximum potential profits of $0.80 per contract are available to RF-bulls if shares of the banking-related services company jump 16.3% to exceed $9.00 by expiration day next month. Regions’ shares last traded over $9.00 back on April 26, 2010, when the stock touched an intraday high of $9.05.