Goldman Sachs Suggests Closing Positions in NII Holdings

Goldman Sachs is out with a research note this morning, where is suggests that traders close out their position in NII Holdings NIHD. The analysts previously suggested buying the August $44.00 call for $1.55. They now suggest closing out the position for a gain. If held to expiration, call buyers risk losing premium paid if shares close below $45.55 (+4.7%) from today. NII Holdings, Inc. provides wireless communication services under the Nextel brand through operating companies located in selected Latin American markets, with its principal operations located in Mexico, Brazil, Argentina, Peru and Chile. Nextel Direct Connect is a long-range walkie-talkie service for communication.