Calls Purchased on CBS Corp. (CBS)
September 01, 2010 11:13 AM
Shares of CBS Corp. (NYSE: CBS) are higher on the session by 5.39%, currently trading at $14.56. The stock has been moving in large, volatile swings over the past six months, though has garnered bull support near $13.00 and is now trading above the 50-day moving average.
Options traders are buying upside on the name today as well. The September $15.00 call was purchased 4,000 times, on the offer, a short while ago; open interest on the strike is 7,321 contracts.
Call volume is now running at 2.28x the daily average.
CBS Corporation is a mass media company with operations in Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor segments. The Entertainment segment consists of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Films and CBS Interactive.
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