Goldman Sachs Highlights MetroPCS (PCS) Options Ahead of Subscriber Update
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Options strategist at Goldman Sachs are recommending MetroPCS Communications (NYSE: PCS) options ahead of a subscriber update in early 2012.
"We think the options market is missing an important, although unscheduled, catalyst in the first week of January for PCS," they said. While most investors are focused on the earnings catalyst in February, PCS has historically announced subscriber trends in
the first week of January. This has resulted in a three-year median move of +/-12%, or double the the median earnings move.
"We think the options market is missing an important, although unscheduled, catalyst in the first week of January for PCS," they said. While most investors are focused on the earnings catalyst in February, PCS has historically announced subscriber trends in
the first week of January. This has resulted in a three-year median move of +/-12%, or double the the median earnings move.
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