ADS 468x60

Tuesday, March 15, 2011

This Guy (or Gal) is a True Winner

If you haven't heard, Berkshire Hathaway is buying specialty chemical company Lubrizol (LZ) for $135, a 28% premium from its previous close.

But here is an interesting little trade that occurred last Wednesday. I wish I had this kind of luck. Less than a week after buying those options, the company is bought out and the options are sold for a cool $5.71 million dollar gain!

Disclosure: I may or may not own any of the securities mentioned and am not an investment advisor. Please do your own due diligence before investing in any securities mentioned.


Post a Comment