Calls Purchased on Cablevision Systems (CVC)

Shares of Cablevision Systems Corporation

are higher on the session by 3.08%, currently trading at $28.49. The stock has been moving largely higher over the past six months, bouncing off of the 200-day moving average and running higher. Shares are trading at a fresh 52-week high. Options traders are buying calls on CVC today. A short while ago the December $27.50 call was purchased 5,750 times, on the offer, for $1.30 on open interest of 5,860 contracts. Overall call volume is now running at 101.60x the daily average with 99% of all calls traded being purchases on the offer. Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC is a cable operators in the United States based on the number of basic video subscribers. It also operates cable programming networks, entertainment businesses, telecommunications companies and a newspaper publishing business.