InvestorsKeyhole Unusual Options Activity

Unusual Options Activity: Traders bet CBS Corporation (CBS) Stock Will Build on its Recent Gains

Traders are betting Thursday that CBS Corporation (CBS) will continue to build on recent gains. The stock is up 19% from its 52-week low of $41.38 set in December and is currently trying to break through resistance at $50. So far today, 10,407 contracts of the June 60 call have changed hands, against open interest of 80 contracts.

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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.

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