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CELG talks to buyout JUNO

Posted on 1/17/18 at 10:12 am
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 1/17/18 at 10:12 am
JUNO up about 45% intraday. Market cap at this price is about $8B. Deal is very possible as JUNO therapeutics has symbiotic relationship opportunities and CELG and JUNO have worked together.

GILD paid about $12B for KITE a while back, and this is a similar situation.

Anyone keyed in?
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 1/17/18 at 10:09 pm to
Option trade of the week:

Purchased calls in early trading today. Jan 19 calls at 60 strike for $7.00 and $7.30.

I was also able to buy puts at 65 strike for $0.70, so I picked up a few for insurance.

ETA: Calls closed at $9.50 so sitting on a paper return of 32%.

Will update tomorrow. If I lose pls anchor thread.
This post was edited on 1/18/18 at 6:29 am
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 1/18/18 at 10:06 am to
Just exited position at 9.41, held for 24 hours.

- Ten calls was a cost basis of $7,150.
- Ten sell to close netted $9,410
- Profit would be around 31% after loss on insurance puts


Disclaimer: This was a rare day trade and highly speculative and risky.
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 1/18/18 at 10:28 am to
Wow, nice. All I have to add to this is that I’m long CELG and eventually want to learn more about options as a trading strategy.
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