Call options on ClearWire (CLWR, news, chart) are seeing an increase in interest. Total volume is running three times the normal, with 4,000 calls and just 22 puts trading on the day. The December 15 calls are the most actives. 3,484 contracts traded, with 88 percent trading askside. Directional sentiment based on today’s total order flow is 77 percent bullish. Earnings expected around early August. Nothing on the wires. Shares down 25 cents to $12.74.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.