Intermune = Done Deal
Roche (Ticker: RHHBY) completed its acquisition of Intermune (Ticker: ITMN) today. I’ll have to wait until the October options expiration to close out the position. I sold the January 2016 $70 Puts at an average price of $0.65. I generally like to write Puts on these tender offer plays as it offer a relatively quick closing with minimal risk. Writing Puts can be risky so that’s why I’ll only enter these positions after an announced merger agreement. It’s all about the odds… just like poker.
posted by Money Turtle @ 12:06 PM
2 comments
2 Comments:
Nice - anything new you like for Oct?
Nothing really interesting right now. I do have small positions in Montage Technology, which should close shortly. Also Safeway should be closing shortly as well.
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