Bulls Dialing Up VimpelCom Ltd. (VIP)

Shares of VimpelCom Ltd. VIP are higher on the session by 0.49%, currently trading at $14.24. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December 2011 $16.00 call was purchased 10,000 times, on the offer, on open interest of 0 contracts. Overall call volume is now running at 68.30x the daily average with 100% of all calls traded being purchases on the offer. VimpelCom Ltd., formerly New Spring Company Ltd., consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies.