Friday, August 29, 2014

Intermune Arb Play

I’ve been striking out a lot this year on some special situations / arb plays. The averages will eventually catch up to you, but I’m patient and looking out for the next target. I had a good position in the Intermune, Inc. (Ticker: ITMN) common around $51 and sold for a small quick profit. You know what happened next… Right now, I’m playing Roche’s (Ticker: RHHBY) acquisition of Intermune by selling the $70 January 2016 Puts. This deal should closely fairly quick as Roche initiated the tender offer today.


At August 29, 2014, Anonymous Anonymous said...

nice move up in BYI today

At August 30, 2014, Blogger Money Turtle said...

Yes, BYI performing well today. I have a small position via selling out of the money Puts.


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