Puts Sold on American Movil (AMX)

Shares of American Movil SAB AMX are lower on the session by 0.58%, currently trading at $49.38. The stock has been trading largely higher over the past month and is currently in a short-term technical uptrend. Puts were sold on the name this morning, as well. It appears that the August $49 put was sold 4,000 times on open interest of 1,411 contracts and that the August $45 put was sold 6,000 times on open interest of 1,248 contracts. Put volume is running at 5.89x the daily average, but zero puts were purchased on the offer. America Movil S.A.B. is a provider of wireless communications services in Latin America. The company had an aggregate of approximately 3.8 million fixed lines in Central America and the Caribbean as of December 31, 2009. The company's principal operations are in Mexico, Brazil, Southern Cone, Colombia and Panama, Andean Region, Central America, United States and Caribbean.