CSC – Computer Sciences Corporation – Shares of the information technology provider rallied as much as 1.60% to an intraday high of $45.97 this morning, adding to Wednesday’s more than 3.5% increase catalyzed by news the firm earned a contract worth up to $220 million with the U.S. Navy to provide support services. Bullish options investors expecting the price of the underlying stock to continue to appreciate scooped up July contract calls in the first half of the trading session. Traders purchased approximately 1,100 in-the-money call options at the July $45 strike for an average premium of $1.12 apiece. In-the-money call buyers make money if CSC’s shares trade above $46.12 ahead of July expiration. Optimism spread to the higher July $47.5 strike where bullish players picked up 1,900 calls for an average premium of $0.27 a-pop. Investors long the July $47.5 strike calls are prepared to profit should Computer Sciences’ shares rally 3.9% over today’s high of $45.97 to exceed the average breakeven point at $47.77 by expiration day.