Re: AVGO
[{"sender": "Paul Barrett", "recipients": ["jeffrey E.", "Richard Kahn"], "timestamp": "Friday, July 13, 2018 9:42 AM", "subject": "RE:", "body": "Jeffrey\nI understand your frustrations and appreciate your willingness to figure out a solution. I have some ideas which I will send you over the weekend if that is OK.\nRe Broadcom: the stock is up $1.20 at $211.50. After the initial shock reaction of yesterday, there has been a lot of focus on the cost synergies etc. but very little conviction in revenue opportunities. However until we hear from management as to the overall intentions of the deal, uncertainty will linger.\nThis morning the pricing is as follows:\nAug 200 Puts cost $4.10\nSept 200 Puts cost $7.90\nEarning are on 08/30. So worst case is the uncertainty lingers until then which would argue to buy the Sept puts. However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.\nPaul"}, {"sender": "jeffrey E. <jeevacation@gmail.com>", "recipients": ["Paul Barrett"], "timestamp": "Friday, July 13, 2018 1:55 PM", "subject": "Re: AVGO", "body": "lye had enough! !!! Which puts ???"}, {"sender": "Paul Barrett", "recipients": ["jeffrey E."], "timestamp": "Fri, Jul 13, 2018 at 2:13 PM", "subject": "Re: AVGO", "body": "My initial recommendation this morning was to buy the $200 Aug puts. I still think that is the best idea. The stock is now down 16% on a deal that no one fully understands. The CEO has a good track record regarding mergers. So I think it makes sense to keep the stock and own protection for the next 35 days until we hopefully get more clarity from management."}, {"sender": "jeffrey E. <jeevacation@gmail.com>", "recipients": ["Paul Barrett"], "timestamp": "Jul 13, 2018, at 2:18 PM", "subject": "Re: AVGO", "body": "Again?? How many puts ? What are the alternatives. The fact tgat you iwn thd stock at a higher price is affecting your decision. Sorry. This is judt ridiculous!!! Would you buy the stock here. ???? If you would would you also buy puts ??? My patience is at its end"}, {"sender": "Richard Kahn", "recipients": ["jeffrey E. [jeevacation@gmail.com]"], "timestamp": "7/13/2018 6:35:08 PM", "subject": "Re: AVG°", "body": "i believe he is married to broadcom as has he got stuck with stock on both 4,000 lots from selling puts.."}]