Short-Term Calls Purchased in DISH

Shares of Dish Network Corp. DISH are lower on the session by 3.07%, currently at $21.47. The stock is now trading right on top of the 50-day moving average and looking for support. Traders are betting that the stock may rally back strong in by the close on Friday as they are buying the May $22 calls over 5,600 times on the bid for $0.20. While open interest on the strike is 6,384 contracts and may suggest position closing, the positions are being closed because of the chance of a move higher in the name. Those May options expire this week. DISH Network Corporation is a pay-television provider across the United States.