Options Brief: Sprint Nextel

Shares of Sprint Nextel S are higher on the session by 3.70%, trading at $3.60. Overall call volume is now running at 2.55x the daily average, with 29% of all calls traded being purchases on the offer. 54,938 contracts have traded on the session so far. Sprint Nextel Corporation is a holding company, with its operations primarily conducted by its subsidiaries. Sprint is a communications company offering a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers.