Calls Purchased on American Tower (AMT)

Shares of American Tower Corp. AMT are higher on the session by 5.55%, currently trading at $46.58. The stock has been trading largely higher over the past three months and is nearing its new 52-week high. Options traders are buying calls on the name today. The August $47.50 call was purchased 1,700 times on open interest of 1,063 contracts and the October $49.00 call was purchased 2,000 times on open interest of 505 contracts. Call volume is currently running at 5.63x the daily average. American Tower Corporation is a holding company. The company is a wireless and broadcast communications infrastructure company that develops, owns, and operates communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system networks.