Buying Dec 25 calls of Macy's (M) at $1.56 (Kind of a gamble on the improving economy and the stock market advance making buyers feel better).
Earnings come out tomorrow. Also, there are rumors that a buyout by a private equity firm may be brewing with a target price of $34-35 if they become reality. Hence the Dec calls to give me a bit more time in case they don't beat earnings.
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