MetroPCS Options Alert (PCS)

Posted in Options 
November 11th, 2009

MetroPCS (NYSE: PCS)  traders continue to gamble on the potential of a takeover as implied volatility sits at 77%.  Today, 15,000 November $7.50 puts were closed and rolled into a bullish position with shares at $5.90.  The trader sold 15,000 February $5 puts and bought 15,000 February $7.50 calls for a 5 cent debit.

-Joe Kunkle, OptionsHawk.com

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