http://finance.yahoo.com/news/thermo-fisher-adds-affymetrix-biotech-234450340.html http://www.bloomberg.com/news/artic...-agrees-to-acquire-affymetrix-for-1-3-billion http://finance.yahoo.com/news/thermo-fisher-life-technologies-synergy-184506413.html http://stockcharts.com/h-sc/ui?s=affx http://stockcharts.com/h-sc/ui?s=TMO Trade: With AFFX at 14.09 (thermo fisher is paying $14 so there is no room to make money on the stock but you can make a return by insuring the transaction) Aug 12.5/10 bull put spread for a net credit of $20 Yield = 20/230 = 8.7% in 180 days or 17.6% annualized Prob and expectation irrelevant Price........ Profit / Loss........ ROM % 7.50............ (230.00)............. -91.30% 9.50............ (230.00)............. -91.30% 10.00.......... (230.00)............. -91.30% 11.48.......... (81.60)............... -32.64% 12.30............. 0.00................... 0.00% 12.50........... 20.00................... 8.70% 13.50........... 20.00................... 8.70% 15.00........... 20.00................... 8.70% 17.50........... 20.00................... 8.70%