Noticing the drop in CCIV from 60 to 40 on confirmation of the merger news. Typical buy the rumour, sell the news situation, eh? Thankfully was not long. I did sell a ratio put spread for March though at 50 -2x40...it ended AH at 40, a month early for me to be perfectly at 40, but I guess I'll see whether there's nice volatility crush tomorrow morning. Anyways, so did CCIV drop just from selling the news, or was it related to the announced details of the merger, such as how much they were paying for it, etc? Was it because they were paying more than expected for Lucid? Or is it some other detail that emerged?