Calls Purchased on Cablevision Systems Corporation (CVC)

Shares of Cablevision Systems Corporation CVC are higher on the session by 4.36%, currently trading at $34.81. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $35.00 call was purchased 800 times, on the offer, on open interest of only 322 contracts. The Dec $34.00 call also traded 250 times on open interest of 152 contracts. This signals new positioning on the name. Overall call volume is now running at 5.73x the daily average with 89% of all calls traded being purchases on the offer. Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC is a cable operators in the United States based on the number of basic video subscribers. It also operates cable programming networks, entertainment businesses, telecommunications companies and a newspaper publishing business.