I have a feeling, based on how the June 50 Calls traded on Friday, The deal will be closer to $50 than $54.
Let's see what happens on Monday.
Good luck to all,
June 50 Calls traders were correct to sell at $2 on Friday.....
It will take 9 months to get to $54, not many are willing to wait that long for the last $2.
I was not wrong. The June calls trading under $2 on a Friday before were a huge red flag.
Everyone knew the deal will be at $54, but no one assumed it will take 9 months to close the deal.
The option traders were smart and sold the June 50 calls for $2, everyone else assumed the stock would trade around $54 on Monday...
You are welcome,