Notable Call Options Activity in Telefonica

Shares of Telefonica

are higher on the session by 0.35%, currently trading at $17.56. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the April 2012 $17.50 call, which has traded 5,000 times on open interest of 2,125 contracts. Calls are outpacing puts today by 26 to 1. Telefonica, S.A. together with its subsidiaries and investees operates in the telecommunications, media and contact center industries.