What to do now? We are up 767% on our MBLY calls bought puruant to a December 29, 2016 Buy Signal. Two actions required:
(1) Take the money and run;
(2) Renew your faith in trend following combined with simple option strategies to make money in the stock market, and sometimes as we saw today, BIG money. One of our historic winning trades, but it will not the only one.
SANTA CLARA, Calif. & JERUSALEM--(BUSINESS WIRE)-- Intel Corporation (NASDAQ:INTC) and Mobileye N.V. (NYSE: MBLY) today announced a definitive agreement under which Intel would acquire Mobileye , a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.
Disclosure: I am/we are long MBLY.
Additional disclosure: BLUE LINE CLASSIC TRADING SYSTEM is Long MBLY and the MBLY March $40 Calls