Options Brief: Sprint Nextel Corporation

Shares of Sprint Nextel Corporation S are lower on the session by 3.48%, trading at $5.40. Overall put volume is now running at 7.84x the daily average, with 51% of all puts traded being purchases on the offer. 61,489 contracts have traded on the session so far. Sprint Nextel Corporation is a holding company, with its operations primarily conducted by its subsidiaries. Sprint is a communications company offering a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers.