When is the next get together? I will be down around July 4th. Looking forward to meeting y'all.
Whoever it is bought all of those Jan 07 10 puts to hedge themselves vs the bonds.
the options should have the stock loan difficulty already priced in. The puts will trade higher than the calls by the loan rate. For a day...
Yep, Rearden really nailed it. Except for the dividend and stock loan issue, the trade was there. From my experience in the options game, there...
GE couldn't get antitrust clearance from the EU on HON 5 years ago, why would anyone else try?
Partial Tender: 5% of GM shares will be bought for say $32. 95% will be worth where they were $27. This adds .25 to the reversal...
theoretically yes. hopefully the clearing firm does its job.
Long synthetic = long call/short put In this case Long 32.50 call short 32.50 put. 1.65-.65 = 32.50 - 1.00. So you are "long" gm stock...
GM has been hard to borrow for about 5 weeks. Combination of preffered offerings, hedging credit derivs, stock in down trend, and now a partial...
Actually, the conversion process is a lot more difficult than this. I assume you are referring to a "complete" conversion. Are all of your body...
I just hope that old saying about history repeating itself does not occur in my children's lifetime. That is all that matters to me. As to...
The latter Mr. Nitro. Being one the those "ethnic minorities" I happen to have family that is at all levels of the socioeconomic spectrum. In...
The fact that I have to reply to something as ridiculous as this makes me want to puke. I suggest you visit a local synagogue this Thursday and...
With Sears/Kmart, there were 0 shares to borrow the last week of the deal. I think this one will be a little easier since JANA and Icahn are...
Best case scenario looks like this: 30% of shares tendered are worth $92. 70%(what is not accepted ) become new KMG with decreased dividend...
Lessons learned were expensivo.
Swoop, Correct. It seems that the easy part is having a plan. The difficult part is sticking to it. Self discipline is the key. Mind over...
swoop, Thanks for the offer. It seems that I fired my risk manager long ago. If I wasn't a stubborn sob, I would not be in this situation....
ctrader, sounds good. where do i sign up.
swoop, 10 years of experience did not give me the cushion to cut my losses and ride my winners. Trying to scalp and produce day in and day out...
Separate names with a comma.