Calls Purchased on Local.com
Shares of Local.com (NASDAQ: LOCM) are higher on the session by 16.91%, currently trading at $3.94. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average.
Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 12.35x the daily average with 83% of all calls traded being purchases on the offer.
Local.com Corporation operates a local search Website, Local.com, with over 15 million monthly visitors, a private label local syndication network of approximately 750 United States regional media sites, a local distribution network for its advertising feeds, and a sales and advertiser services operation for approximately 50,000 direct monthly subscribers.
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Posted in: Options