Thursday, March 06, 2014

Some Safeway

I took a stab at Safeway (Ticker: SWY) today by selling the January 2016 $37 Puts for $1.45 and pocketing the premium. There’s been a lot of chatter that Kroger (Ticker: KG) was going to jump into the mix and make a bid for Safeway, but the news out late today suggests that Cerebus is going to ink the deal for around $40. This looks like a done deal with a possible announcement tomorrow.


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