Puts Purchased on Millicom International (MICC)

Shares of Millicom International Cellular SA MICC are higher on the session by 0.40%, currently trading at $85.48. The stock has been moving lower over the past few weeks, but has managed to hold the 200-day moving average. It is attempting to hold the 50-day moving average today. Options traders are betting that the stock slides once again as they just purchased the July $75.40 strike put 2,400 times on the offer. Open interest on the strike is 3,055 contracts. Put volume is running at 7.3x the daily average. Millicom International Cellular S.A. is a global mobile telecommunications operator. The Company also operates fixed telephon, cable and broadband businesses in five countries in Central America. As of December 31, 2009, the Company had 14 mobile operations in 14 countries.