Calls Rolled on Novatel Wireless (NVTL)

Shares of Novatel Wireless Inc. NVTL are higher on the session by 1.75%, currently trading at $5.80. The stock has been trading largely lower over the past six months and is currently trading in a technical downtrend. Options traders are rolling a long call position today in NVTL. The August $7.50 call was sold 500 times for $0.07 and the September $7.50 call was purchased 500 times for $0.09. Call volume is now running at 7.4x the daily average. Novatel Wireless, Inc. is a provider of wireless broadband access solutions for the mobile communications market. Its range of products include 3G, intelligent mobile hotspots, communications and applications software, universal serial bus (USB) modems, embedded peripheral component interconnect (PCI) express mini card modems and wireless personal computer (PC) card and ExpressCard modems.