Quote:
Originally Posted by 7sins
From everything I have read, it appears a buyout should be ~$90. Options here are cheap, jan 2022 70c is $2.70, so if buyout does happen at $90, that would be about 670% return.
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Not sure on the buyout theory but I have a large position in GILD and added this option just below 2.70. Nice return so far, good call 7sins!