Puts Purchased on Leap Wireless International (LEAP)

Shares of Leap Wireless International LEAP are lower on the session by 7.02%, currently trading at $12.99. The stock has been moving largely higher over the past six months and is currently trading near the 50-day and 200-day moving averages. Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 2.87x the daily average with 75% of all puts traded being purchases on the offer. Traders are buying the $10.00 and $11.00 puts in multiple months. Leap Wireless International, Inc. is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.