Puts Purchased on Clearwire Corporation

Shares of Clearwire Corporation CLWR are lower on the session by 8.68%, currently trading at $3.47. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the December 2011 $2.00 put was purchased 1,000 times, on the offer, on open interest of 20 contracts. Overall put volume is now running at 2.37x the daily average with 95% of all puts traded being purchases on the offer. Clearwire Corporation is a provider of fourth generation wireless broadband services. Clearwire builds and operates next generation mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services.