Thursday, September 2, 2010

Burger King bought out for $24/share

Selling a $22-$24 put (whichever will give you a premium at the open) would be a good trade considering the likelihood of this transaction closing is very high.

The premiums will be exceptionally low at the open but its pretty much free money at this point. As the day progresses, the value of the options will keep decaying so getting in early is the best way to go!!

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