Jan 5 recap and Jan 6 outlook

So I hit a bit of a slump and haven't been posting my daily notes, with the new year I'll try to fire it up again.

Jan 6 stock watch :

COH: Coach Inc. COH, +1.36%  announced a $574 million bid to acquire private-equity-owned footwear brand Stuart Weitzman, in a deal set to wrap in May.

This deal is 5% of COH mkt cap. It closed yesterday with wkly IV at 35%. I may look to straddle this as it's trading on super thin volume in the premkt, only trading 25k shares.

 Cyberonics CYBX, +5.49%  shares fell in the extended session Monday after the medical device maker said an appeals board supported a 2007 decision by the Centers for Medicare and Medicaid denying coverage of the company’s pacemaker-like device for treating depression.

Similar to COH, stock had rallied yesterday from 54.25 to 58 presumably that the ruling would be in favor of CYBX. It dropped to 53 in the ETH on light volume. Options appear illiquid, ND could be tricky to get filled on.

AOL Inc. AOL, +4.49%  gained following news that Verizon Communications Inc. VZ, +0.41%   has considered a takeover of or a joint venture with the Internet pioneer, which is better known for its websites like Huffington Post and TechCrunch.

Jan 5 Recap:

Was watching CNAT, CEMP and ISIS. Option illiquidity would have been an issue, but could have worked assuming one could have been filled on ISIS as it opened around 63.50 then ripped to 68 by 1030.

945 KO popped from 42.20 to 42.70 on renewed chatter of a Buffett LBO deal. The weekly 42.50 and 43 calls were active.

1130 news came out that CVS would be making a deal with GILD. This sent GILD popping from 93.50 to 96.50 then to a high of 98 by noon.