Healthcare Merger Frenzy! AET, CI, HUM, UNH, ANTM

Yesterday, I wrote about the speculations going on in the healthcare sector, specifically with the health insurance companies. We were in both CI and AET. The CI trade was quick, as it shares popped fast yesterday:

This morning AET shares jumped, as I mentioned last night. We locked in another nice win today, an overnight +63.9% gain:

While the market was down yesterday, I also took some profits off the table on our VIX calls for a nice +85.5% profit:

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I think there is still room for these health insurers to go higher. We have gotten nice gains on the acquiring targets. I think they have gone quite far and the options are now expensive. We should turn our attention to the "acquirers". Both ANTM and UNH went up more than $2 today. These two could go up another $5 or so as the speculations continue.

I would wait a day or two on HUM. HUM jumped a lot about two weeks ago. If HUM finds itself without a dance partner, people will lock in profits and look elsewhere.

Good night and HappyTrading! ™

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