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  • questinvest questinvest Nov 19, 2012 2:20 PM Flag

    Call options looking reasonably priced.

    The odds are very good that the Alba acquisition gets done soon, yet the premium on the December and January calls seems quite reasonable. The stock is at $6.15 but a January $5.00 call is $1.40 ask, which makes the premium only 25 cents per share. If we get a two or even one dollar pop on the news, the options could be a great buy. Other than the risk of delay or the deal not happening, of course there is market risk on the price of oil and the overall market, but the odds are looking reasonable. What else am I missing? Thanks.

    Sentiment: Buy

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