What are you buying today?

[boilermaker75]

Wrote some GILD 70-strike Dec 14 expiration puts on Friday for $1.08 per share.

[gfp]

Hey, I'm wondering what happened to cause this company to move 20% in a day.  Why did you decide to buy calls?

Mfcb calls

[bizaro86]

MFCB owns a royalty on an iron ore mine that has shut down in Canada. Tacora, the private company that owns the mine announced they had closed the funding on the 27th. This is a big deal, as it should be $20 MM+ in annual revenue at 100% gross margins for a company that has a market cap of ~$60MM after the move.

We talked a but about it in the ALS thread.

[gfp]

Thanks - I had missed that

[bigbluffzinc]

VB, LNR, FB

[no_free_lunch]

Took a position in sec.to.  PB was around 0.55 based on Sept 30 numbers, book would have dropped for sure over past 2 months but still should be around 0.6 book.

[flesh]

More ADS at 189.30. 30% position now.

[kab60]

More ADS at 189.30. 30% position now.

Ditto. And the percentage isn't far off either.

[Lakesider]

Bought more naspers. Can't stop.

[boilermaker75]

Wrote 205-strike, 12/7/18 expiration BRKB puts for $1.65 per share.