Calls Purchased on NII Holdings, Inc.

Shares of NII Holdings, Inc. NIHD are lower on the session by 1.37%, currently trading at $39.39. The stock has been moving largely lower over the past five weeks and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $41.00 call was purchased 2,700 times, on the offer, on open interest of 36 contracts. Overall call volume is now running at 2.21x the daily average with 69% of all calls traded being purchases on the offer. NII Holdings, Inc. provides wireless communication services under the Nextel brand through operating companies located in selected Latin American markets, with its principal operations located in Mexico, Brazil, Argentina, Peru and Chile. Nextel Direct Connect is a long-range walkie-talkie service for communication.