Notable Put Options Activity in Clearwire

Shares of Clearwire

are lower on the session by 4.00%, currently trading at $2.40. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the December 2011 $3.50 put, which has traded 9,000 times on open interest of 4,384 contracts. Large lots are active in Dec2011. Put volume is outpacing call volume by 4 to 1. Clearwire Corporation is a provider of fourth generation wireless broadband services. Clearwire builds and operates next generation mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services.