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...
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...
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...
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......
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...
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...
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...
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...
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 -...
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
hi thanks...i carry outright using CFDs
Some updates before I post my performance updates for this half of the year later in the week... 1. Closed BGC at slight loss after a scare 2....
Closed AVXS at $217.6, WGL at $87.95... both mergers close to completion...closed off position to free up cash
i was affected too... i moved some capital to IG markets at a higher margin cost...abt 2.5% + base... execution and fill wasn't on par with IB...
Added new positions: 1. AVXS +150 shares, Avg px: $210.04 2. BGC +1050 shares, Avg px: $29.75 3. MSCC +500 shares, Avg px: $$64.42 4. VR +460...
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