Shares of Crown Castle International CCI are higher on the session by 0.56%, currently trading at $40.95. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are buying puts on the name today. A short while ago the August 2011 $39 put traded 4,000 times on open interest of 0 contracts.
Overall put volume is now running at 16.18x the daily average with 98% of all puts traded being purchases on the offer.
Crown Castle International Corp. owns, operates and leases towers and other wireless infrastructure, including distributed antenna system networks in the United States and rooftop installations.
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