DJ Option play

What kind of option play would you do on the DJ news?

 

too late....

do a long coversion to take advantage of a 2 part or otherwise deal....

 

so if i would load up on $1000 worth of JUNE 07 (45) calls @ $.10 right before the news came out and sold it @ current price of $12 that would net me a profit of $119,000? What kind of problem would i have unloading 100 calls at that price?

 

i smell insider trading on the apr calls.
unusual active call buying yesterday.