Shares of Crown Castle International Corp. CCI are higher on the session by 2.23%, currently trading at $39.85. 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 $39.00 call was purchased 2,000 times, on the offer, on open interest of 125 contracts.
Overall call volume is now running at 2.49x the daily average with 82% of all calls 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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