Sell Alert: October 11, 2012

| October 11, 2012

Sell Alert:  October 11, 2012

 

Trade Details

Sell our Sprint (S) November 2012 $5.50 Calls for $0.54 or better

 

Why?

We bought Sprint calls because I didn’t think it would take long for another merger or acquisition rumor to surface.  Turns out that’s exactly what happened.

Except the rumor is that Sprint is the one that’s going to be acquired!

The news today is the company is in advanced talks to be purchased by Japan’s Softbank.  We’re not going to wait to find out if this deal goes through.  Instead, let’s take our fantastic 90% plus gains in just one week!

Sell your S calls now.  Congratulations on a fantastic trade!

 

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Category: OTW Sell Alerts