Market Overview

Buyers Very Active on NII Holdings Today

Today there is some significant volume in the Oct 7 strike of (NASDAQ: NIHD), with a buyer picking up 6,000 of these calls earlier on the offer (60 cents). This purchaser is clearly looking for more upside beyond today.

More recently paper buying (large institutions) picked up some September strikes but this is far bigger than what we had seen then. The recent bottom made just under six seems solid and with today's price move the stock is as high as it's been in a month.

 

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