Puts Purchased on Clearwire Corporation (CLWR)

Shares of Clearwire Corporation CLWR are higher on the session by 1.72%, currently trading at $7.11. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages (though currently testing them). Options traders are buying puts on the name today. A short while ago the March 2011 $5.00 put was purchased 1,750 times, on the offer, for $0.35 on open interest of 6,353 contracts. Overall put volume is now running at 2.17x the daily average with 95% of all puts traded being purchases on the offer. 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.