Thursday, August 27, 2009

HGSI

glaxo talking 30 on a takeover 80's style trade if you are up with me trading oil
buy 10 sept 20 calls at 1.10 i traded in and out yesterday but took a hit on the last 10 where i rupped at 1.15 this takeover has a possibility and there will be more talk before the end of september this one is for my vegas style traders not the conservative types but a triple from 1 to 3 seems probable before expiration and a grand slam of 9 points has to considered in the realm of things feasible