Medco Health Solutions and Illumina

I’m back in Medco Health Solutions (Ticker: MHS). Yesterday there was a SEC filing by Express Scripts suggesting that this deal could close next week. I started building a position with prices ranging from $71.08 to $71.41.

Also, the Illumina (Ticker: ILMN) play is getting interesting as Roche (Ticker: RHHBY) raised their offer price to $51 per share. Now, I have to decide how to play this since I only have a small position. I’ve sold the April $52.50 calls at $1.00 against my position. I'll most likely start adding to this position...