<center>https://mentormarket.io/wp-content/uploads/2019/05/sprintmobile.png</center> <br/><p>Two months ago, the U.S. Justice Department told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form. A biggest issue being that if approved it would reduce the number of national wireless carriers available to consumers from four to three. The thought is if there is less competition, consumers are susceptible to higher prices, in this case higher cell phone bills.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-382.png" alt="" class="wp-image-19196" />
<p>On Monday, it was announced the merger received support from the Federal Communications Commission in a significant step toward the deal's approval.  FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions, including selling Sprint's Boost Mobile prepaid cell service.  However, merger still needs to be approved by the Department of Justice (DOJ's) antitrust division.  Nevertheless, the Smart Money is optimistic that the DOJ will approve the merger.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-383.png" alt="" class="wp-image-19197" />
<p>On Tuesday, the Smart Money bought a little over 2500 June 21<sup>st</sup> call options with a strike price at $85.  To me this sounds like a Hail Mary, but what do I know.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-381.png" alt="" class="wp-image-19194" />
<p>The government tends to move slow, so to me, this sounds like a Hail Mary, but what do I know.  Price did break out of a three month consolidation and we are only talking about another $8 move higher, so it's quite possible for the move to happen, especially since it's a hot topic on Wall Street.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-384-1024x489.png" alt="" class="wp-image-19198" />
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This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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