We have the BRCM short 2017 $40 puts in the LTP and they are still at $1.75, which is kind of silly as their buyout is in late stages at $52.50.  You can sell the 2018 $45 puts for $3.80 and buy the 2017 $40s for $13 and sell the 2018 $50s for $6.50 for net $2.70 on the $10 spread and, as long as it closes over $50, you get paid in full!  

Hell, if the deal doesn't go through, we like BRCM anyway so let's do 20 in the LTP and that can be in addition to the 10 short 2017 $40 puts that I'm not at all worried about.  

Big Analyst Upside Remains in Avago For Its Broadcom Buyout

[$$] Broadcom Boosted by Supplying Apple

Broadcom beats estimates; shares rise

Report: EU to clear Avago, Broadcom deal without conditions

You can see why I loved them so much over the past few years!  

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