Calls Purchased on American Tower (AMT)

Shares of American Tower Corp. AMT are higher on the session by 1.55%, currently trading $42.15. The stock has been gyrating around the 50-day and 200-day moving averages as of late as is trading above both currently. The stock is attracting call buying as well. Today, the June $42.50 call was purchased on the offer 1,310 times for $0.85. Volume on that strike has now reached 3,025 contracts; open interest on the strike is 6,680 contracts. Call volume is now running at 2.00x the daily average. American Tower Corporation is a holding company. The Company is a wireless and broadcast communications infrastructure company that develops, owns, and operates communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system (DAS) networks.