The Federal Communications Commission (FCC) is scheduled to vote on net neutrality Thursday. At its most basic level, net neutrality is an attempt to classify wired and wireless broadband services as utilities, which would fall under the regulation umbrella of the FCC -- and to keep companies from speeding up or slowing down Internet services based on paid prioritization (a more comprehensive explanation of FCC Chairman Tom Wheeler's proposition can be found here). The hotly contested proposal has prompted a number of firms to weigh in on the issue, including Twitter Inc (NYSE:TWTR), Netflix, Inc. (NASDAQ:NFLX), and Verizon Communications Inc. (NYSE:VZ).
Twitter Inc (NYSE:TWTR)
TWTR chimed in on net neutrality earlier this week, saying it embraces the FCC's goal to regulate the Internet. In a released statement, the company said, "We strongly support ensuring that such rules include prohibitions against blocking or throttling of sites and services as well as the paid prioritization of some traffic over others."
Technically speaking, TWTR has had a strong month -- thanks to well-received earnings and acquisition announcements -- up 29.4% to trade at $48.58. Options traders have responded in kind, and at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day call/put volume ratio of 4.03 ranks higher than all other comparable readings taken in the past year. In other words, calls have been bought to open over puts at an annual-high clip in recent weeks.
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