Our option trades on $NRF went excellent today – assuming everything goes as planned with the $ARCP takeover.
We had various positions to make this trade a profitable one. I like both names still and don’t have any plans to close either. $ARCP still has a spinoff catalyst to content with….
Option Group: We have 50 $NRF Cals, strike $17, Jan ’16. The asking went from $1.25 to $3.00. 17,000 contracts were outstanding. I think this one may be alright. </wink>
Private group had a 2% position and 10-calls that ballooned.
Just what we like to see.