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.

2 Comments:

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.

 

Post a Comment

<< Home