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Significant call option buying in Viacom CBS (VIAC) as the stock hits a new 52 week low. At $34.70, a buyer bought 3,600 June $40 calls at $.84 and then over 5,000 Sept. $42.5 calls traded around $.87. This is by far and away the cheapest name in the media universe, with extremely polarized opinions on both sides of the bullish/bearish landscape. Option trading in the name is sporadic, so today’s large activity warrants a mention.