Calls Purchased on Liberty Global (LBTYA)
November 09, 2010 3:09 PM
Shares of Liberty Global (NASDAQ: LBTYA) are lower on the session by 1.70%, currently trading at $38.25. The stock has been moving largely higher over the past six months, trading well above the 50-day and 200-day moving averages, though has had some trouble at the $40.00 level.
Options traders are buying calls on the name today. A short while ago the January 2011 $35.00 call was purchased 6,000 times, on the offer, on open interest of 10,241 contracts.
Overall call volume is now running at 2.69x the daily average with 98% 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.
