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Alcatel (ALA - 75-1/2) builds next-generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide.
After putting in a new all-time high in Friday's session, ALA is off over two percent in early-afternoon trading. However, ALA is still trading comfortably above potential short-term support at its ascending 10-day moving average.
On the options front, the in-the-money September 75 call is active with volume of 1,370 contracts. It is noteworthy that today's volume crossed the tape near the bid in two large blocks of 1,000 and 370 contracts, respectively. This is one of the most-active call contracts on the Pacific Exchange. <