I’m exiting my ESRX short.

music selection:  “Signed, Sealed, Delivered” — Stevie Wonder

My short position in Express Scripts (ESRX) was doing quite well.  This morning, Cigna announced it was buying the company.  Shares jumped 11%.  I bought to close my 100 shares this morning at 81.44.  Including all put premiums received, I book a 3.03% loss in the trade.  That is 18.72% annualized or 229 dollars in more concrete terms.  I am leaving the now unlikely to be exercised put open until expiry on 29MAR2018.  There really just anything else to be down here except capitulate.

Devour your prey raptors!

Express Scripts to be Acquired

Never miss another opportunity to devour prey!

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