Notable Call Options Activity on Level 3 Communications
By Michael J. Zerinskas
December 28, 2011 12:13 PM
December 28, 2011 12:13 PM
Shares of Level 3 Communications (NASDAQ: LVLT) are lower on the session by 2.90%, trading at $16.73. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest action is the March 2012 $21.00 call, which has traded 1,300 times on open interest of 2,158 contracts.
Call volume is outpacing put volume by 100 to 1.
Level 3 Communications, Inc. is engaged in the communications business. Level 3 is a facilities-based provider of a range of integrated communications services.
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