Early Call Buyer in News Corp.

Diversified media company News Corp.

saw an opening call buyer during the first few minutes of Friday's trading session. The September 25 strike options saw a multi-exchange sweep of 3,800 contracts trade on the offers of $0.30. For the call buyer to profit from this trade at strike, News Corp. shares would need to rally 8 percent over the next 2 weeks. This buyer's conviction could be a bullish signal regarding the company's fourth-quarter earnings release scheduled for Wedensday, August 8.