Puts Purchased on Millicom International Cellular (MICC)

Shares of Millicom International Cellular MICC are higher on the session by 0.98%, currently trading at $94.34. The stock has been moving largely lower over the past four months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $85.40 put was purchased 1,000 times, on the offer, on open interest of 2,039 contracts. Overall put volume is now running at 3.07x the daily average with 98% of all puts traded being purchases on the offer. Millicom International Cellular S.A. is a global mobile telecommunications operator. The company also operates fixed telephony, cable and broadband businesses in five countries in Central America.