I’m long $SLXP calls. Straddle $VRX….
Hi Folks —
1. I’ve been buying the March and April positions in the $SLXP buyout by $VRX.
2. 4-names I want to own: $JAZZ, $SLXP, $VRX, $ACT. I think we can do nicely with a 2:1 ratio spread; calendar or diagonal calendar option spread.
3. I posted the volume of $SLXP calls being bought out because there is some language that makes one wonder if the buyout goes through. This is speculation & I own $VRX too.
4. Shire Interested in $SLXP.
5. Endo in hunt for $SLXP:
Endo in the trio after Salix
Feb 16 2015, 17:50 ET | About: Endo International plc (ENDP) | By: Douglas W. House, SA News Editor 
  • A person close to the matter says Endo International (NASDAQ:ENDP) is and has been interested in acquiring Salix Pharmaceuticals (NASDAQ:SLXP). It has apparently sent Salix several letters stating its interest in a transaction, but Salix has yet to respond.

$SLXP March 5th: April expiry, $160-strike buys.

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