Calls Purchased on Global Crossing Limited

Shares of Global Crossing Limited GLBC are higher on the session by 5.64%, currently trading at $32.02. The stock has been moving largely higher over the past three 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 December 2011 $35.00 call was purchased 1,000 times, on the offer, on open interest of 122 contracts. Overall call volume is now running at 4.03x the daily average with 93% of all calls traded being purchases on the offer. Global Crossing Limited is a global communications service provider. The company offers a full range of data, voice and collaboration services and delivers services to 700 carriers, mobile operators and Internet service providers around the world.