Calls Purchased on Powerwave Technologies (PWAV)
March 22, 2011 2:19 PM
Shares of Powerwave Technologies (NASDAQ: PWAV) are higher on the session by 8.16%, currently trading at $4.24. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the August 2011 $5.00 call was purchased 997 times, on the offer, on open interest of 1,302 contracts.
Overall call volume is now running at 8.62x the daily average with 76% of all calls traded being purchases on the offer.
Powerwave Technologies, Inc. is a global supplier of end-to-end wireless solutions for wireless communications networks. The company's business consists of the design, manufacture, marketing and sale of products to improve coverage, capacity and data speed in wireless communications networks, including antennas, boosters, combiners, cabinets, shelters, filters, radio frequency power amplifiers, remote radio head transceivers, repeaters, tower-mounted amplifiers and advanced coverage solutions.
