Medici

Options Activity Suggests Likely Suitor for EMC

The best way to play this with limited risk is writing a put spread. Buy the August 14 Put and sell the August 15 Put, this strategy gives you a protection down to 14.09 on the downside and approx $400 in profit per 10 lot if the stock closes anywhere at 15 or above. With limited margin this strategy can be implemented in size