We opened a bear call spread yesterday, 2/6/2017, on $MAT to grab some time premium with a relatively low risk trailing stop a few cents above our breakeven price for the option spread. Rumors are circulating about Mattel & Hasbro talks restarting, but that's no worry on our end with sound risk management and low-likelihood of a deal being struck in the next 30 days.
Comment:
Time is working in our favor on the credit spread
