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.