Calls Purchased on L-3 Communications Holdings (LLL)

Shares of L-3 Communications Holdings, Inc.

are higher on the session by 0.59%, trading at $70.21. The stock has been moving largely lower over the past six months, though it has begun to base sideways around the 50-day moving average as of late. Options traders are buying calls on LLL today. A short while ago the April 2011 $80.00 call was purchased 1,000 times, on the offer, for $1.10 on open interest of only 83 contracts. This signals new positioning on the name. Overall call volume is now running at 4.61x the daily average, with 98% of all calls traded being purchased on the offer. L-3 Communications Holdings, Inc. is a prime system contractor in aircraft modernization and maintenance, command, control, communications, intelligence, surveillance and reconnaissance systems, and government services. L-3 is also a provider of technology products, subsystems and systems. The company has four segments: C3ISR, Government services, aircraft modernization and maintenance, and Electronic systems.