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Nice call.

I think it would be crazy to be long BSC right now. I'd short in APR/may. Honestly, if BSC rejects the bid, it would be even better for the shorts. It's JPM or broke. EDIT: Source for building bid being separate from stock swap...

It really surprises me how many people are saying that the deal is going to get rejected. Things to remember about the BSC deal: 1) JPM secured the right to buy the BSC building, regardless of the acquisition. BSC gets kicked out of the building? 2) JPM is running the BSC balance sheet...

Allow me to assist you. You make take your meandering into the previous thread which you started over here: http://elitetrader.com/vb/showthread.php?s=&threadid=121342

I think there's already a thread about this with an extremely similar title. I've been here for a day and it is rather apparent to me that you are also hedgefundtrader2 and stocktrader. I'm not quite sure what you're trying to accomplish with your shenanigans...

I bought $5 strike puts at $0.10/contract just after halfway through the market on Friday. Today they peaked around $2/contract and closed around $1.05. EDIT: I did miss out on the way out of the money puts w/ LEH though. A couple of factors: wide bid/ask, and the new strikes (7.5, 5...

Amazing. The knife keeps getting sharper and it's reaching terminal velocity. If you didn't anticipate the drop, I wouldn't try catching it now.

Sorry but I'm going to have to disagree that this thing isn't over. BSC employees have cleared out their desks. JPM is running their balance sheet. If you really expect the shareholders to say no, what do you expect to happen to BSC in the meantime? Do you really think they'll reject the vote...

Apr LM puts were surprisingly cheap off the open. Yummy =)

If the deal's not going to happen at $2, it will be worthless before my $5 strike puts expire Thursday.

Not sure. I bought some March $5 strike puts for $0.10/contract on Friday. Fun to watch though.