Calls Purchased on Focus Media (FMCN)

Shares of Focus Media Holding FMCN are higher on the session by 2.71%, currently trading at $18.60. The stock has been moving largely higher over the past six months and is trading near its 52-week high of $19.26, which it set two weeks ago. Options traders are buying calls on the name ahead of its Q2 earnings report. You can find a full earnings preview for FMCN, including EPS estimates, volatility trends, and a technical chart breakdown, by clicking here. Today, the September calls are active; the Sept $17.00 call was purchased 1,000 times, on the offer, a short while ago. Open interest on the strike is 1,254 contracts. The $18.00, $19.00, and $20.00 calls are also seeing buying. Call volume is now running at 2.26x the daily average. Focus Media Holding Limited is multi-platform digital media company. The networks operated by the company include liquid crystal display, display network, poster frame network, in-store network, Internet advertising services network, billboard network and movie theater advertising network. 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.