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U.S. stock futures are flat to slightly positive Monday, as investors await data on consumer spending and income.
Activist fund Engaged Capital revealed a 5.2% stake in the target in December and considered launching a proxy fight.
Silicon Image (SIMG) is gaining Tuesday following the announcement that Lattice LSCC will acquire the company.
Investors considering a purchase of Silicon Image Inc shares, but cautious about paying the going market price of $5.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $5 strike, which has a bid at the time of this writing of 25 cents.