Calls Purchased on L-3 Communications (LLL)

Shares of L-3 Communications Holdings, Inc.

are higher on the session by 0.59%, currently trading at $71.66. The stock has been moving largely lower for the past six months, though appears to be basing around the $70.00 level. Options traders are buying calls on the name today. A short while ago the December $75.00 call was purchased 2,800 times, on the offer, on open interest of only 189 contracts. This signals new positioning on the name. Overall call volume is now running at 5.01x the daily average with 95% of all calls traded being purchases 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.