Clearwire Corporation (CLWR) $2.13 -5.96%
Clearwire (CLWR) loses 11 cents to $2.15 and a Sep 2 – 3 (1X3) ratio risk reversal tredes on the stock, 2700X. Looks like 2700 Sep 2 puts were sold at 40 cents per contract to buy 8100 Sep 3 calls for 35 cents. The position, which looks opening, comes despite headlines the Google is looking to sell its entire stake in the company for $1.60 each. The stock is off 53 percent over the past 12 months and came under pressure on 2/16 after reporting a huge fourth quarter miss. So, today’s combo seems to be a somewhat contrary play on the Bellevue, WA wireless company.
Category: All Stocks, Small Cap Stocks, Software & Computer Services
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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.
