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CNBC Stock Blog
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Focus Media is seeing some heavy options trading as its stock spikes more than 20 percent Wednesday afternoon.
Shares [FMCN
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] in the company, which operates an outdoor advertising network in China, were trading as low as $6.62 just Friday — but have gone as high as $9.18 today.
FMCN options have traded more than four times their 20-day average, according to OptionMonster's proprietary tracking systems.
The most active strike is the December 10 calls with buyers paying $0.45-$0.55 and $0.60 for the options, which expire in just six days. The January 10-12.50 call spread is trading $0.50-$0.60 and does buy some time for the stock to perform even further to the upside.
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Other Outdoor Advertisers:
Lamar Advertising [LAMR
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Clear Channel Outdoor [CCO
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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.
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Data is a real-time snapshot *Data is delayed at least 15 minutes