Limelight Networks Pops; Calls Active (LLNW)

Shares of Limelight Networks, Inc.

are higher on the session by 8.86%, currently trading at $6.02. The stock has been moving largely higher over the past four weeks, rising off of a base near $3.60. Note that Jim Cramer featured LLNW on Mad Money yesterday and is thus seeing the usual barrage of clueless retailing buying. Options traders are buying upside calls on the name today. A short while ago the October $5.00 call was purchased 923 times, on the offer, on open interest of 939 contracts. There has also been smaller lot call buying in nearly every month on every strike. Call volume is running at 5.16x the daily average, 81% on the offer. Limelight Networks, Inc. is a provider of content delivery network services. The company is engaged in providing content for the media companies, or content providers, including businesses operating in the television, music, radio, newspaper, magazine, movie, videogame, software and social media industries, online businesses operating e-commerce storefronts, and government organizations, corporations, or enterprise businesses that operate a Website. For more great research like this, as well as how to play it through options…please visit

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