Call buyers bet on CBS
CBS (CBS) is getting a lot of attention from call buyers today. So far, 10,350 contracts of the March 2019 75 call have changed hands, against open interest of 5 contracts. Today’s trades have all been priced high in the bid-ask spread, indicating these new contracts are being initiated from the buy side.
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About CBS Corporation Class B
CBS is a media conglomerate operating primarily in the U.S. CBS' television assets include the CBS television network, 30 local TV stations, and 50% of CW, a joint venture between CBS and Time Warner. The company also owns Showtime and Simon & Schuster. CBS spun off its cable networks and movie studios to Viacom in 2006 and completed the spin-out of its outdoor advertising business in 2014 and and its radio division in 2017.