Calls Purchased on Cablevision Systems Corporation (CVC)

Shares of Cablevision Systems Corporation CVC are higher on the session by 0.69%, currently trading at $34.96. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $38.00 call was purchased ~1,000 times, on the offer, on open interest of 14,973 contracts. Overall call volume is now running at 2.78x the daily average with 97% of all calls traded being purchases on the offer. Cablevision Systems Corporation, through its subsidiary, CSC Holdings, LLC, is a cable operator in the United States. Cablevision also operates cable programming networks, entertainment businesses, telecommunications companies and a newspaper publishing business.