VimpelCom To Rally Over 18%? (VIP)
Shares of VimpelCom Ltd. (NYSE: VIP) are lower on the session by 1.46%, currently trading at $14.86. The stock has been moving largely lower over the past five months, off from recent highs near $19.00. The stock is now trading below the 50-day moving average.
Options traders are buying call on the name today, betting that the stock can and will run higher, over 18% by the third week in October. Just moments ago the October $17.50 call was purchased, on the offer, 2,000 times for $0.18. Open interest on the strike is 3,330 contracts.
Call volume is now running at 6.02x the daily average.
VimpelCom Ltd., a telecommunications operator, provides voice and data services through various mobile, fixed, and broadband technologies in the Russian Federation, the Commonwealth of Independent States, Vietnam, and Cambodia. The company provides fixed-line services, including business and corporate services, carrier and operator services, and consumer Internet services.
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