Replies to post #232085 on Amarin Corp Plc (AMRN)

[Biobonic]

Fidelity states

The buyer of call options has the right, but not the obligation, to buy an underlying security at a specified strike price. That may seem like a lot of stock market jargon, but all it means is that if you were to buy call options on XYZ stock, for example, you would have the right to buy XYZ stock at an agreed-upon price before a specific date.

[CalMustang]

It depends on what the buyout is. If it's a cash buyout then all the extrinsic value is basically gone. So the options would be worth about $15.

However, if it's a stock for stock deal, then the options get adjusted (similar to what happens when there's a split).