Consider an ICO strangle

Discussion in 'Options' started by eldorado1, May 2, 2011.

  1. Looks like all OTM options are dirt cheap, most are N/A or 0.05. That must be a sign that the buyout is almost a 100% deal and all OTM options will be worthless.
     
    #11     May 2, 2011
  2. newwurldmn

    newwurldmn

    in this case, the deal is cash so the out of the money options expire worthless upon deal closing; the in the money options expire with a spot reference price of 14.6 and you receive cash instead of shares.
     
    #12     May 2, 2011