Anybody buying puts on ARG? Just looking to fade the hugh gap up. Bought 50 put contracts for MAR $60 strike.
Buying puts on ARG?
- Thread starter LCFXTRADER
- Start date
What is the reasoning behind this trade? Won't it take a while for APD to present their offer to the ARG shareholders? In the meantime, won't the price of the stock stay at least at $60 and the puts expire worthless? I know nothing about these kinds of things when an offer is made for a company, but it seems like a pretty low probability trade with only a month until expiration.
Sell 65 calls against 70 - aprils are providing a spread of about .75 if you don't think they will modify their offer.
NYCDT
NYCDT