Puts Sold on Clearwire Corp. (CLWR)

Shares of Clearwire Corp. CLWR are lower on the session by 0.21%, currently trading at $7.26. The stock has been trading largely higher over the past six months, though has broken down through the 50-day moving average as of late. Options traders are selling some put protection on the name today. The January 2011 $5.00 put was sold, near the bid, 2,300 times on open interest of 5,898 contracts. This suggests that a long put position was closed out. Put volume is now running at 4.13x the daily average. Clearwire Corporation builds and operates mobile broadband networks that provide high-speed residential and mobile Internet access services and residential voice services in communities. Its 4G mobile broadband networks creates a communications channel into the home or office, and also provides a broadband connection anywhere within its coverage area.