Bullish Bet on Cablevision

Shares of Cablevision Corp. CVC are jumping by 3.12% in today’s session, currently trading $24.80. The stock dipped below the 50-day moving average during the recent sell off, but the stock is aggressively attempting to regain it; options action in the name suggests that it will. The June $25 call was purchased on the offer 1,200 times, outpacing open interest a short while ago. This has pushed call volume in the name to 11.16x the daily average. 95% of all calls traded have been purchases on the offer, signaling bullish sentiment growing in the name.