Trading The Sprint-T-Mobile Merger: PreMarket Prep Recap For Feb. 11, 2020

A deal that was long thought to be dead was brought back to life Monday night, with a report that a federal judge will approve the much-maligned Sprint Corp S-T-Mobile Us Inc TMUS merger.

Both stocks immediately traded higher on the headline, but PreMarket Prep Co-Host Dennis Dick was looking to take advantage of sympathy moves, specifically in cell tower companies like American Tower Corp AMT, Crown Castle CCI, and SBA Communications Corporation SBAC.

He said he also quickly traded AT&T Inc T and Verizon Communications Inc VZ in the after-hours session when both stocks initially popped on the headline.

Both Dennis and Joel Elconin agreed that this headline presents the best opportunity for investors of both companies to sell.

“If you got caught holding the bag in either of these stocks here...if you were banking on something, here’s the news,” said Joel.

For the full discussion on the implications of the Sprint-T-Mobile merger, click here.

Other Stocks Discussed On The Show

Some of the stocks also discussed include:

• Under Armour IncUA (click here)
• RingCentral IncRNG (click here)
• Hasbro, IncHAS (click here)
• Slack Technologies IncWORK (click here)
• Tesla Motors IncTSLA (click here)
• Uber Technologies IncUBER(click here)
• Lyft IncLYFT (click here)
• Cyberark Software LtdCYBR(click here)

Featured Guests

Nic Chahine, Options Expert, Writer of Create Income With Options Spreads and Sellspreads.com

Nic Chahine joins the show every other Tuesday to discuss the week's options outlook. He is also a Marketfy Maven and the author of Create Income With Options Spreads. Prior to trading full time, he climbed the ranks of the corporate finance world. Then in 2000, Chahine branched out with an internet venture as CFO/COO. The venture paid off well enough to allow him to start his own fund and pursue his passion: the stock market. Chahine also has a background in electrical engineering.

Nic’s full interview can be viewed at 34:45 in the video below or by clicking here.

Watch the full show or listen to the podcast below.

PreMarket Prep is a daily trading show hosted by prop trader Dennis Dick and former floor trader Joel Elconin. You can watch PreMarket Prep live every day from 8-9 a.m. ET here. The replay can be found on Benzinga's YouTube channel, and the podcast is on iTunes, Google Play, Soundcloud, Stitcher and Tunein.

Meet the Hosts:

Dennis Dick
Joel Elconin

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.