NII Holdings (NIHD) loses 62 cents to $21.02 and a 3,000-lot of Jun 30 calls is bought on the stock for 45 cents apiece on ISE to open. Shares tumbled 52.3 percent in 2011 and today’s call buyer might be looking for shares of the Reston, VA wireless company to recoupe some of those losses in the first half of 2012. The same contract saw interest yesterday as well. A 2000-lot was bought for 50 cents to open.
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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.