AMGN Amgen to buy HZNP for $27.8 Billion

AMGN Amgen to buy HZNP Horizon Therapeutics for about $27.8 billion.
This huge spend could trigger a selloff in AMGN Amgen stock after earnings.

It`s speculative, but looking at the AMGN Amgen options chain ahead of earnings , I would buy the $240 strike price Puts with
2023-2-17 expiration date for about
$2.75 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.

トレード終了: 利益確定目標に到達:

Price target reached! AMGN was trading at $236.37 intraday, i suppose those puts made a decent 2X at some point.