Calls Purchased on Mobile TeleSystems (MBT)

Shares of Mobile TeleSystems MBT are higher on the session by 0.91%, currently trading at $22.17. The stock has been moving largely higher over the past two months, off of a recent low of $18.45. Options traders are buying calls on the name today, betting that the stock can rally further. The September and December $22.50 calls were both purchased over 600 times each a short while ago. Volume did note exceed open interest on either line. Call volume is now running at 2.87x the daily average with 99% of all calls traded being purchases on the offer. Mobile TeleSystems OJSC is a telecommunications provider in Russia and the Commonwealth of Independent States, providing a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as selling equipment and accessories.