Clearwire Corporation (CLWR) $2.18 -1.95%
Clearwire (CLWR) is flat at $2.21 after the 70 percent surge yesterday motivated by reports Softbank is interested in making a substantial investment in Sprint, which would in turn fund the acquisition of Clearwire. CLWR is seeing a second day of heavy trading. More than 50 million shares on the tape so far. Options volume is more than 40K contracts and 6X the daily average. 28,000 calls and 13,000 puts traded in the name. Nov 2.5 calls are the most actives. 5,800 traed. Oct 2 and 2.5 puts have each traded more than 5,000 contracts as well. Meanwhile, implied volatility in the options on the Bellevue, WA wireless broadband company, which jumped 20 percent yesterday, is up another 4.5 percent and elevated at 150.
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.
