Notable Call Options Activity in NII Holdings

Shares of NII Holdings

are higher on the session by 3.29%, currently trading at $27.97. 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 calls today. A short while ago the November 2011 $30.00 call traded 2,600 times on open interest of 2,353 contracts. Calls are outpacing puts today by 28 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.