Sprint is certainly sprinting for $9.00

With the recent merge of Sprint and T-Mobile, we watched the stock pump 70% after-hours. Yesterday I decided I'd be a bit more patient with Sprints movement, only entering with a semi-small account at $8.28 (at time of publish, up $.4856 per share). I than used this to determine likely movement to today and decided to buy call a few hundred contracts with a strike of $9 by Feb. 14th, although I wasn't entering this trade thinking I'd stick around. Within about 2 hours I had reached my target and decided to pull out. Sprint looks like it most definitely can push above $9, waiting for the breakout of this bilateral triangle (meaning prices can dive either way). As I come to the end of writing this, I've decided to re-enter if we can breakout before the market closes.


DotcomJack
Please do your own research before investing. I am not providing financial advice nor am I a financial advisor.

Comment:

Retest, if held looking for re-entry possibly with another trade. I'll update tomorrow, Sprint looks like I may be avoiding it for a bit though.

Comment:

Mannn levels are to the T