CEPH options

http://www.streetinsider.com/Corporate+News/Teva+(TEVA)+Completes+Cephalon+Acquisition/6856876.html

I am long CEPH calls @ 80.
What is it going to happen?
Quotes on the stock are halted,
and I get no quotes on the options.

thanks

 

Since you didn't mention the strike, it will settle to Max(81.5-K,0) as a cash payment where K is your strike.

You can look on the OCC website for clarification as to what you will exactly happen.

 

Strike is 80.

Have a link to the site you mentioned?

 

http://search.freefind.com/find.html?si=70034845&pid=r&n=0&_charset_=iso-8859-1&bcd=%F7&s=infomemos&query=ceph

Tpye in CEPH and voila !