Auroradude--quick question. Right now ARG is trading around 64 and is embattled in a takeover attempt by air products. Now, Air Products has offered 70 a share. Say today I own Jan call options at the 70 strike price. If ARG would come out and say they accept the bid of 70 would that mean that the price would jump to 70 and basically the 70 jan calls were worth nothing? Typically calls are bought for future growth in price but if the price would jump basically 6 bucks right after the acceptance of the offer then I would have no opportunity to sell since the stock would probably open right at 70 theoretically. Thanks for your answer.
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