Posted:
#1
Bought TWX today @ $95.30
I'm expecting that AT@T will win the court case in less than 2 months and get the strike price of $107.50. (80% chance in my book). I'm after a quick 15% profit on this trade. Should be invested about 2 months. Not the sexiest of plays but looks pretty sound with a floor.
Worst case is TWX gets the $500m break up fee and is fairly valued in the low 90's and waiting for the next buyer (20% chance)
