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Shire plc Message Board

  • blackoutbuzz blackoutbuzz Aug 19, 2013 1:03 PM Flag

    More options activity today

    Seeing more action today. Looks like someone sold April 80&85 strike puts and bought Jan 140&145 strike calls. That's a high strike for a buyout! Also see a bull call spread opened on the April expiry. What the heck... I opened one too at 110/130... I'm long shares but a little extra payoff won't hurt if it happens : )

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    • Closed that spread yesterday for a nice gain.

    • Oct 125 calls saw 1000 contracts traded yesterday. Open interest was 3207 and increased to 3828 so roughly 600 new contracts were opened. The unknown is were they sold or bought to open? Where is OptionsMonster on this one?

    • Someone bought 50 of the Jan 110 strike calls. Open interest as of yesterday is 1262.

      Also see what may be a delta-neutral bull put spread - 18 Oct 110 and 150 Oct 100's... betting the stock stays above 110 through October.

    • From UK news

      @@@@@Shire hires big guns to repel Americans ONE of Britain’s biggest drug makers has bolstered its bid defences amid fears of a £17bn takeover attempt by a big American rival. Shire, the FTSE 100 pharmaceutical giant, has hired Lazard to beef up its team of advisers as foreign predators prepare to pounce. It is thought Lazard’s appointment was prompted by an informal approach earlier this year from Bristol-Myers Squibb, which was rebuffed. The investment bank has been brought in alongside the existing advisers, Morgan Stanley and Deutsche Bank, to help draw up a range of responses if a formal bid materialises. Shire is Britain’s third-biggest pharmaceutical company, behind Glaxo Smith Kline and Astra Zeneca. Its growth has been phenomenal. In just over 25 years the company has gone from start-up to stalwart of the FTSE 100 with 5,000 employees and a stock market value of £13.2bn.