11-18-2013, 03:14 AM
I have a ladder of Call Options I bought up to $125 for January 2014. I will probably trim any that are still out of the money at the end of 'Deal announcement day'. I will use that to start adding 2016 LEAPS. The rest I will trim probably 2nd week of January.
I have March 2014 $100, $115, $120 Call Options. I will trim those mid-January, if no buyout occurs. I had just picked these options up last Monday, and added a few more after the home-run conference call, so up multiples on those. I may add to my Jan. 2015's with the proceeds.
I will also be buying more shares over the next 6 months for longer term holding. (3-5 years)