I'm sorry. I should say thank you to everyone for sharing their knowledge and advice. It is a 'real world' education being here. Thank you.
YW Arnie. Sold the 70C/65P pitchfork 1x3 Sold 70 call//sold 65P ... 1:3 ratio for a 7.65 credit[6.00x.55].
Yes, I was just looking it up. I wonder how RiskArb is managing the short 70C part of his position. Looks like the 3:1 ratio has him roughly flat right now. After the fireworks settle, it might be a nice position.
Approx 80 cents underwater per share. I'll let it expire and get rid of the assigned short before x-date.