Calls Purchased on Focus Media (FMCN)

Shares of Focus Media Holding Limited FMCN are lower on the session by 2.48%, currently trading at $22.82. The stock has been moving largely lower over the past two months after trading higher for nearly five months. FMCN is currently trading below the 50-day and above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the December $25.00 call was purchased 1,300 times, on the offer, on open interest of 2,567 contracts and the Dec $26.00 call was purchased 5,900 times on open interest of 6,323 contracts. This appears to be the closing out of short calls. Overall call volume is now running at 3.57x the daily average with 99% of all calls traded being purchases on the offer. 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.