InterDigital Inc (IDCC)

[vegas options]

bulldzr, options still have a purpose in a buyout. If there might be regulatory approval problems, puts might be your answer. If there is a cash offer the stock will still trade at a discount until the time of the buyout, so you could sell covered calls. If as you suggested that INTC pay 4 shares you could hedge INTC and IDCC stock prices by options. They are useful ways to increase your take by options.