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Buying Options On Takeover Candidates & Rumors

|Includes:BBY, GRPN, Office Depot Inc. (ODP), OMX, ZNGA

How do I buy options to make a huge windfall profit when a company gets taken over? This question is typically asked by someone who heard from a friend who heard from another friend that a publicly traded company is a merger / acquisition target.

The people asking usually do not let onto the fact that what they think they have insider information.

Read more on Options Weekly: Buying Options on Takeover Rumors

$ODP $OMX $BBY $ZNGA $GRPN $GMCR

Disclosure: I am long ZNGA.

Stocks: ODP, OMX, BBY, GRPN, ZNGA