Ok, I'm curious what would happen here. I have a 4,300 shares of a rather volatile stock that is currently 3.53 per share. I have a GTC order to sell 40 December calls at a 5.00 strike for .20. .20 is the current low ask and it was .25 before I placed my gtc order. My only concern is that the company has been considered a takeover target for a long time and what if by chance they get offered say $8 a share when the market is closed and the stock gaps up to 7.50 tomorrow and I don't cancel my sell order? Will my options get sold for .20 cents at the open even though they would be $2.50 in the money or would I expect to still get filled at $2.50 or higher? What if the same thing happened during market hours? All the sudden the stock jumps from 3.50 to 7.50 on news. Anyone that notices a .20 ask would obviously by in a millisecond, is that a risk or would I still likely get a better fill?