If you can, buy 200 shares. Sell a covered call option on 100 of those shares for 40 strike as far out as possible (on an up day). Most likely this will spike upon announcement and the call will be your exit strategy for half of your position. You'll bank the profit of 14 dollars per share plus the premium of the call you sold, and you'll still hold 100 shares to just let it sit for years and grow.
If however the stock price drops unexpectedly, your covered call premium will hedge loss to your investment.
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