Notable Call Options Activity in Level 3 Communications

Shares of Level 3 Communications LVLT are higher on the session by 10.67%, currently trading at $23.12. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $26.00 call, which has traded 2,145 times on open interest of 1,212 contracts. Calls are outpacing puts today by 6 to 1. Level 3 Communications, Inc. is engaged in the communications business. Level 3 is a facilities-based provider of a range of integrated communications services.