Calls Purchased on MetroPCS Communications (PCS)

Shares of MetroPCS Communications PCS are higher on the session by 8.06%, currently trading at $17.80. 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 May 2011 $17.00 call was purchased 1,200 times, on the offer, on open interest of 7,921 contracts. Overall call volume is now running at 2.79x the daily average with 80% of all calls traded being purchases on the offer. MetroPCS Communications, Inc. is a wireless telecommunications provider in the United States measured by the number of subscribers served. The company offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States.