Calls Sold on Cablevision (CVC)
Symbols: CVC
Shares of Cablevision Systems Corp. (NYSE: CVC) are higher on the session by 0.77%, currently trading at $26.21. The stock has been moving largely higher over the past two months and is nearing its recent high (and, thus, resistance).
Options traders are selling calls on the name today. The December $27.50 call was sold roughly 2,200 times, on the bid, on open interest of just 120 contracts. This signals new, bearish positioning on the name.
Call volume is currently running at 16.08x the daily average.
Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC is a cable operators in the United States based on the number of basic video subscribers.
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