Calls Purchased on China Unicom Limited (CHU)

Shares of China Unicom Limited CHU are higher on the session by 5.01%, currently trading at $17.19. 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 has been primarily in small lots, overall call volume is now running at 5.70x the daily average with 80% of all calls traded being purchases on the offer. Traders are buying the $17.00 and $18.00 strike in multiple months. China Unicom Limited is an integrated telecommunications operator in China providing mobile voice and value-added, fixed-line voice and value-added, fixed-line broadband, data communications and other telecommunications services to its customers through two business segments comprised of mobile services and fixed-line services.