Shareholders to receive $11.45, deal to be done around the end of the year. So the stock will go to $11.45 and sit there and options will have no premium? I've been laddering/leapfrogging/call it what you want 500 WBA for quite some time. All Calls are ITM. Will options continue to be traded?
The agreement is definitive, but it's not a "done deal". So, there's still going to be action. Exactly how much? Wish I knew!
yes but not much volume because the price is capped and not much volatility. if you are itm, you will be cashed out
Huge disaster for long straddles/strangles holders... "Reporting" in 4/11 expiration week and usually implied straddle is around 14%. And now a total vols crash without significant price movement. WBA was on my watch list for earnings play, but I was lucky not to enter.
Exactly... like I said, it's not a "done deal". In addition there's a "go-shop" period where they may get a better offer. So re-read what I wrote: there's still going to be action. Were you drinking earlier by any chance? (-: