Newbie question

Discussion in 'Options' started by dknj23, Apr 23, 2008.

  1. dknj23

    dknj23

    if you buy OTM call Sept 30s and then the company gets bought out in June for $35 per share what happens to your options?
    thanks
     
    #1     Apr 23, 2008
    Share
  2. eagle

    eagle

    Sounds like you have access to inside information that not yet revealed to public. :D
     
    #2     Apr 23, 2008
    Share
  3. MTE

    MTE

    Since you can exercise it and buy the stock at 30 you option will be worth around 5.
     
    #3     Apr 24, 2008
    Share