Recent content by mergerpie

Update on my trading positions: I liquidated about 25% of my NXPI position at a big loss..holding the remaining still at a loss after last month's merger collapse. My tribune and synaptics position were also closed at a loss, together with NXPI losses which amounts to a big loss for the month...

i sold a few NXPI Jan 2020 $90 puts for about $6.20 average... if the merger goes forward, the options will accelerate and close, netting me all the premium... if merger does not go forward, I will buy NXPI at $90 per share if the options got exercised.

Sold Convergys at a slight loss... merger announcement came soon after I bought but the cash and share offered at $28 didn't offer much premium and the stock fell slightly below my purchase price

Looks like I had said this too early... news proved to be false so back to the waiting game... In the meantime, I have added two new positions... http://www.mergerpie.com/bought-synaptics-and-convergys/

China approves! Looks like this is done and what's left is for the tender offer to cross 70% which i think will be done shortly...everybody in their right mind will tender their shares after seeing NXPI drop to $90s after the deal was in risk back in April. If tomorrow opens at $123, I will add...

NXPI is my biggest holding now. It's now interesting that while the president had an agreement with China regarding ZTE, U.S senators are trying to scuttle the agreement with the defence bill and some reports indicate that the president is trying to talk them down. Obviously he is not happy. I...

I sold all my TWX holdings at around 99.50... DOJ appeals may delay the closing a bit and if the discount is real big, I may dip in again. Believe different judge will still yield the same result to TWX.

Added more to NXPI...becomes my biggest position now..still only 20% size of my peak MON... Added tiny GNW position today after CFIUS approval...

i have a very strong bias towards cash and mergers with bigger size buyers > 100 mil... these factors will influence the success of my merger strategy... 1. Cash deals - i only have to take position in the target vs share deals where i have to spend my margin in both the target and shorting the...

quite alot...sometimes up to 8x...

My current positions are NXPI, TWX and TRCO. Guys, you can see my mid-year trading results at my blog page - http://www.mergerpie.com/mid-year-2018-review/ Overall its a quite successful half year for me

I agree its not low risk... merger arbs are not for faint of heart.. the risks are in the tail end and even the most secure mergers can fail...

It's possible to do it for a small trader... I have deployed max close to 1 mil but i have been doing it for only 2 years...not much of an record...

hi u can find moneyturtle blog - http://www.moneyturtle.com/ He has been doing it for years...

I just want to maximize my profits... however i would want to consider buying some cheap puts going forward to hedge my exposure