Anyone know what happens to leaps after the company goes private? If you are short long term options do you have to wait for expiration for your option requirements to free up?
You can cover your option short anytime. You don't have to wait for expiration. If the Dell deal is successful, it will close probably around Sept at the earliest, but probably later. All options will need to be closed before the deal closes.
Everything will close on the day of final transfer. There won't be a ticker symbol DELL after that day.
Basically, you don't have to wait.