I know a lot of people want to know what to buy based on who will win the election, and we’ve been getting in position across my services. But believe it or not, you can make money in trades that have little or no connection to the election.

A little over two weeks ago, Time Warner Inc (NYSE:TWX) jumped on speculation that it would be acquired by AT&T Inc. (NYSE:T). We owned TWX in one of my services and booked a 13% gain amid the buzz, and then the announcement came. The thing is, AT&T is paying $108 a share for TWX, which closed Monday at $87.74. That’s a nearly 20% discount to the deal price.

The reason is concerns over regulatory approval, and both Donald Trump and Hillary Clinton expressed reservations about the deal – hence a slight connection with the election.

I’m more interested in that gap between the current price and the deal price. With the stock trading at that much of a discount, the odds are good it will narrow from time to time, and with call options you don’t need it to be a big move in the underlying stock to make good money.

We bought the TWX January $77.50 calls in High Octane Trader. They are deep in the money, with the strike price far enough out to keep risk down, and we are ready to sell when we get the right bounce in the stock. The calls closed Monday at $10.35, and we’re looking for a move over $12.