Shares of Leap Wireless International LEAP are higher on the session by 1.26%, currently trading at $12.04. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the April 2011 $11.00 call was purchased 2,000 times, on the offer, on open interest of 76 contracts.
Overall call volume is now running at 5.95x the daily average with 98% of all calls traded being purchases on the offer.
Leap Wireless International, Inc. is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Its Cricket service offerings provide customers with unlimited wireless services for a flat rate without requiring a fixed-term contract or a credit check.
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