Bulls Dialing Up MetroPCS (PCS)

Shares of MetroPCS Communications Inc. PCS are higher on the session by 0.99%, currently trading at $9.66. The stock has been moving largely higher over the past six months and is looking like it wants to make a run at its 52-week high of $10.65. Options traders are betting that the stock takes out the 52-week high and are buying calls. The October $10.00 call was purchased 1,440 times, on the offer, for $0.40 a short while ago; open interest on the strike is 450 contracts. The November $11.00 call was also purchased 1,600 times, on the offer, on open interest of 7,311 contracts. Call volume is now running at 2.39x the daily average. MetroPCS Communications, Inc. is a wireless telecommunications provider. The company offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the company holds a substantial non-controlling ownership interest. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.