Good idea by JBur to sell TWC 2017 $155 puts (now $6.50) and buy the $155 ($34)/175 ($20.50) bull call spread for $13.50 for net $7 on the $20 spread. Let's do 5 of those in the LTP. The idea is, if the deal goes through at $195, we make our $20 (+$13) very fast and worst case is owning 500 TWC at net $162. I think his trade idea was the more aggressive $175/195 bull call spread, which is $20.50/10.20 for $10.30 but I think I'd rather spend $2.70 more to be $20 deeper in the money.
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ABX/StJ - We just talked about it in the Webinar. Another nice opportunity to get in.


