I sold my shares at 3.45 and then bought in with January 4.00 strikes with calls to play a surprise buyout level. Wanted my profit from shares locked in and can still profit from a higher buyout. They were very cheap....
PS. I sold at eod 3.36 Better to book profit and miss opportunity, than to wake up Monday to a short attack. We are about topped out until some more news. Due Diligence expected to start back up Monday and may last the week. That's an eternity in stock ticks. Plenty of time for buyback opportunities.
However, if we all wake up Monday to a signed deal at $4, well, congrats to you all... I'll have to rest easy with my 2.50 to 3.36 profit.
Good luck to all that held... It's been fun trading KCG the last few months.
I sold all that I bought this morning at 3.23 at 1 minute to close for 3.36. I figure there are ups and downs yet to come. The buyout scenarios are $3 or $3.50 so it should trade with a predictable range. This could take a while to close. May as well ride the wave. Will pick back up Monday. Price has dropped on open and mostly recovered an hour or so later. I'm thinking there's a good chance Monday won't be any different.