Buying TIE before the earnings was a dumb idea (if you knew about the takeover, then buying TIE would be a crime) as all industry indicators were suggesting a huge TIE earnings miss.
BTW, you could have made the same ~$50K by simply shorting 20 ES (S&P E-minis futures) on Tuesday. It was a much smarter play, as the probability of Obama victory was very high. I know many who were short anywhere from 100 to 500 ES futures on Tuesday. I was only short 100 ES, and I am not "crying" about not shorting 500 ES (as a friend of mine who made over a million this week by shorting 500 ES on Tuesday).