not a chance unless the deal closes before the third Friday. Under pressure until the Danvers deal. This pattern has been repeated. I have traded this stock several times from the long. Using options and short call strategy for hedging would work if only there were a two sided spread, There isnt a two sidede spread and little volume. Once the closing date is announced watch the stock. If under pressure nibble as the date approaches. Post deal the stock should do very well. The high 14 level paired with a healthy dividend.
the reason they sold you $14 call s for.30 is that they will make .60 or %4 in six weeks.Thats pretty good return,but I think this stock has a good chance to jump soon and I've been a buyer of the far out calls.
I hadn't even considered a premium for take over. I was just thinking time. In other options I've purchased over 4 decades (I'm that old) I've never seen the spread that low - $.30 between current stock price and when it is in the money, for over 6 weeks of time. Thought it must be an error, but sale went through!