Am I understanding this correctly regarding Volume / Open Interest?

While perusing options chains, a favorite Friday night activity of mine, I happened to notice the volume on CSCO Oct 04 calls at the $54 strike today was a whopping 25,387 (going for 0.10 ask price). The open interest on those calls is 409. I am wrong or did someone seriously lose their ass and is getting out?

Of note, there's also 4610 open interest at the 52 call strike..FWIW.

Any useful feedback on how to read that activity would be helpful. Thanks!