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Large bearish trade in Sprint Nextel
November 11, 2009 Wed 5:53 AM CT

S ChartSprint Nextel rallied 20 percent Monday, but one big investor expects the telecom stock to make new lows by mid-January.

optionMONSTER's tracking systems detected the purchase of 30,428 January 3 puts for $0.26 and the sale of an equal number of January 4 calls for $0.16. Volume exceeded open interest in both strikes.

S fell 5.54 percent to close at $3.24. The stock spent the entire...


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