Upside Purchased on Leap Wireless (LEAP)

Shares of Leap Wireless International Inc. LEAP are higher on the session by 1.46%, currently trading at $13.90. The stock has been drifting lower over the past two months, but appears to be nearing support, around $13.00. Options traders are picking up some calls today. The October $22.50 strike was purchased 4,600 times, on or near the offer; open interest was 5,123 contracts. Call volume is now running at 2.5x the daily average. Leap Wireless International, Inc. is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Its Cricket service offerings provide customers with unlimited wireless services for a flat rate without requiring a fixed-term contract or a credit check.