Calls Purchased on Terremark Worldwide (TMRK)
December 10, 2010 1:57 PM
Shares of Terremark Worldwide (NASDAQ: TMRK) are higher on the session by 1.87%, currently trading at $13.07. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the January 2011 $15.00 call was purchased 1,000 times, on the offer, on open interest of only 15 contracts. This signals new positioning on the name.
Overall call volume is now running at 2.55x the daily average with 96% of all calls traded being purchases on the offer.
Terremark Worldwide, Inc. is a global provider of managed information technology solutions with data centers in the United States, Europe and Latin America. It provides carrier neutral colocation, managed services and exchange point services to approximately 1,300 customers globally across a range of sectors.
