Bloomberg reports AMZN in talks with telecoms and the carriers all sell off in response to the news. Reuters reports AMZN says they are not talking to telecoms and now we wait for investors to either buy back their positions or continue selling due to the spike down in prices. Which side are you on? The side I'm on will be selling PUT options next week on TMUS, expecting the inevitable bounce back to the price range it had been in prior to the false report.
At a minimum TMUS gets back to the mid 130s with resistance starting at $140.
Place your bets.
At a minimum TMUS gets back to the mid 130s with resistance starting at $140.
Place your bets.