M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

Tuesday, June 14, 2016

Will they ever learn?

That was the question a friend asked. Apparently, someone decided Microsoft's proposed acquisition of LinkedIn was just too good to miss and purchased a boatload of call options just before the deal was announced. How much is a "boatload"? This much:

LinkedInOptions

Hmm. Let's see. The average volume of LinkedIn call options back until February looks to be about 6 contracts per day according to this chart. Do you think the SEC would notice if I bought more than 600 contracts the day or two before the transaction is announced?! If I could put 600 in all caps I would have. It's just that ridiculous. Who ever this guy is, he is going to get caught. And you know what? He deserves to get caught. Just another example of someone's greed outpacing their common sense.

-bjmq

 

http://lawprofessors.typepad.com/mergers/2016/06/will-they-ever-learn.html

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Comments

Wow, great post. Where I can find call/put sales information like this myself?

Posted by: trader | Nov 14, 2016 11:38:47 PM

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