merger was priced in days ago, imo

 

 

Well if that's the case, I hope 14.90 holds in the am.

 

No wonder Clamp is up all night, chainging that kids diapers!!

And who thought it was a good idea to let kids have internet access??!

 

Have you ever bought/sold options before? It's NOT like you are holding 3,000 shares at 14.53. You simply have the OPTION to purchase 3,000 shares at 13. IF you exercised the option, you would then have to pony up $39,000. Of course if the price then hits $19, the account value would then be $57,000. If sold at $19, the profit would be $13,410.
Right now, you just own the options. You paid $4,590. As the Feb options close Friday, an underlying stock price of $19 would show your 13 strike with a price of around $6. If you simply closed the position (automatically closes at the end of Friday), the proceeds would be approximately $18K for a profit of $13,410.
One big difference is the tax implications. You pay short term gains on closing the contract. If exercised (you buy the underlying stock at $13), there are no tax implications until you then sell the shares.

 

Come on, I have been trading options for 20 years! Give me a break!!! I know what I hold. No tax implications since it was done in an IRA. I have done option strangles and spreads and sold naked puts, so please don't try to educate me on how to trade calls and puts. My DC plan went up 109% last year doing covered calls and other option strategies. Now maybe you can educate me on contango and backwardation and negative roll yield as it relates to the futures markets. I trade futures too, care to educate me on that?

 

Thankfully mine hasn't downloaded Etrade yet. But he watches soooooo much porn.

 

Sounds like he downloads plenty into his diaper.

 

He and I have very divergent tastes, needless to say.

 

I've been trading (and teaching as a former broker) in the options market since '87, so I know a thing or four (thankfully, mostly forgotten). Moron? Nope- you're the one who asked the question about what it would be worth ("Any math geniuses out there?") Then you said "That's like me holding 3,000 shares." Not quite. You have the option to buy 3,000 shares. My apologizes if you misspoke. In former teachings, this would often be stated and it got people in trouble who were new and just learning the CBOE. Good luck to you in your short term trade. A price pop tomorrow and Friday will be nice in your position. After a few "lessons" on big losses (after big gains), I leave it to the gamblers.