Calls Purchased on Virgin Media
Shares of Virgin Media Inc. (NASDAQ: VMED) are higher on the session by 0.69%, currently trading at $30.45. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the September 2011 $34.00 call traded 3,000 times on open interest of 8,160 contracts. Overall call volume is now running at 2.25x the daily average with 97% of all calls traded being purchases on the offer.
Virgin Media Inc. is engaged in entertainment and communications business. The company has two segments: Consumer and Business.
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