Some Baxalta
I initiated a position in Baxalta (Ticker: BXLT) (3.78% position) at $39.23. Reuters and the Financial Times have pieces out suggesting that a deal with Shire (Ticker: SHPG) may finally materialize. The price talk that I’ve seen range from $45 to $50, which is a decent premium from the current price. This deal reminds me of Genzyme when it was forced to sell to Sanofi (Ticker: SNY) when no other bidders showed up.
posted by Money Turtle @ 12:45 PM
6 comments
6 Comments:
bxlt is symbol
Thanks... Should be correct now.
Why is BXLT going down? Thanks.
I haven't seen any news on BXLT today. Just in a wait and see mode...
interesting how to play with a 100% long positions via short puts or some other strategy?
how many % change you give that an offer will be really made?
It depends on the situation. There are instances where I will focus on 100% long the common and others it will be short Puts. It depends on the spread of the stock and options premium. ~ 27% of my realized gains this year have been from the short Puts so I see it as a nice complementary strategy to my arb plays. I usually limit my short Puts to announced deals.
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