Notable Put Options Activity in NII Holdings

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Shares of NII Holdings (NASDAQ: NIHD) are lower on the session by 3.21%, currently trading at $19.58. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $17.50 put, which has traded 1,500 times on open interest of 542 contracts. The Jan2012 $15.00 put also traded 1,200 times on 19,010 contracts. Put volume is outpacing call volume by 9 to 1. NII Holdings, Inc. provides wireless communication services under the Nextel brand through operating companies located in selected Latin American markets, with its principal operations located in Mexico, Brazil, Argentina, Peru and Chile.

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