Calls Purchased on Liberty Global (LBTYA)
November 05, 2010 11:51 AM
Shares of Liberty Global, Inc. (NASDAQ: LBTYA) are lower on the session by 2.67%, currently trading at $39.08. The stock has been moving largely higher over the past six months and is trading well above the 50-day and 200-day moving averages. $40.00 is now resistance.
Options traders are buying calls on the name today. A short while ago the January 2011 $35.00 call was purchased 5,000 times, on the offer, for $5.00 on open interest of 17,067 contracts.
Overall call volume is now running at 2.32x the daily average with 97% of all calls traded being purchases on the offer.
Liberty Global, Inc. is an international provider of video, voice and broadband Internet services, with consolidated broadband communications and/or direct-to-home satellite operations. The company operates in 14 countries, primarily in Europe, Japan and Chile.
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