Im in a pickle here, i was looking at the stock TMY, they have bidders for a buyout, the stock trades at 2.00 and a realistic buyout is between 5-7 dollars which is a good little profit. My question is:
This company only has options til Jan 08, so with a buyout planned at $6 should i load up on the Jan 08 calls at 5.00? they are only about .10 pps , my only problem is if a deal gets done at the end of this month, how long would it take to close. and for the mere chance it got done and didnt close in time, would the options still go up?
2007-11-07
03:00:14
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2 answers
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asked by
kundoggydawg
2
in
Investing