Sprint Nextel Corporation (S) $2.21 -8.30%

| October 10, 2011 | 0 Comments More

Sprint is one of only a five losing stocks in the SP500 and option volume is triple normal pace with nearly 100K contracts trading and calls leading puts nearly 4:1. May 3.5 calls lead the most actives, with 10K trading and a vwap of 27.8cents. ISE data confirms this flow is opening customer seller intiated and with shares near 2.21 and an S&P ratings watch, it may reflect a view that Sprint will have a tough time regaining $6 highs seen this past summer.

Category: All Stocks, Mid Cap Stocks, Mobile Telecommunications

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About the Author (Author Profile)

Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.

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