Call Buyers Target CBS Corp. (CBS)

Shares of CBS Corp. CBS are higher on the session by 0.28%, currently trading at $14.41. The stock has been drifting largely sideways for the past six months, struggling to hold onto the 50-day moving average. Options traders are buying calls on the name today, betting that shares could rally. The July $15 call traded 5,459 times on open interest of 5,695 contracts and the July $16 call traded 2,310 times on open interest of 4,055 contracts. Call volume is now running at 3.26x the daily average with 91% of all calls traded being purchases on the offer. CBS Corporation is a mass media company with operations in Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor segments. The Entertainment segment consists of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Films and CBS Interactive.