Calls Purchased on NII Holdings (NIHD)

Shares of NII Holdings Inc. NIHD are lower on the session by 0.11%, currently trading $36.43. The stock has been cascading lower over the past four weeks, but has held the 200-day moving average. Calls are being bought on the stock today with the July $40 call purchased on the offer 1,750 times for $1.05. Open interest on the strike is only 41 contracts, signaling new, bullish positioning. Call volume is running at 4.78x the daily average with 91% of all calls traded being purchases on the offer. NII Holdings, Inc. provides wireless communication services. NII Holdings provides these services under the Nextel brand through operating companies located in selected Latin American markets.