Big Prints in Sprint Nextel (S). Shares are now down 15 cents to $3.27 and the Jan10 3 – 4 strangle is sold at 42 cents, 30000X. Looks like an opening spread and a bet Sprint will stay between $2.58 and $4.42 in the months ahead. (See 9:41 for more color on recent action in S.)
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Sprint Nextel Corporation (S) $3.27 -4.52%
Posted on November 10th, 2009 1:32 pm
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2 users commented on " Sprint Nextel Corporation (S) $3.27 -4.52% "
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Still holdin 7.5 JAN calls
grrrrrrrrr
wish I would had the courage to keep me short NOV puts……BUT….not