Buy DNA via selling Mar 70 puts. Another deal, though this one isn't approved yet. Support at 82 if the deal fails. Those familiar with the Buffett biography “The Snowball,” this is a cigar puff option. Odds seem extremely high that the option expires worthless.
As for the overall market, there is some follow through this morning. I won't get too excited about it, though.
Positions: long ROH, DNA
No comments:
Post a Comment