Calls Purchased on MetroPCS Communications (PCS)

Shares of MetroPCS Communications PCS are higher on the session by 4.93%, currently trading at $13.71. 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. Though action ahs been primarily in small lots, overall call volume is now running at 4.64x the daily average with 80% of all calls traded being purchases on the offer. Traders are buying the $10.00, $12.50, $13.00, and $15.00 strikes in multiple months. MetroPCS Communications, Inc. is a wireless telecommunications provider. The company offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the company holds a substantial non-controlling ownership interest.