easilyscan 1,121 Posted Wednesday at 09:22 PM Civitas Resources Inc (CIVI) & Sm Energy Company (SM) are going to merge sometime during Q1 The merger has passed all the regulatory hurdles CIVI shareholders will receive 1.45 shares of SM once the transaction is finalized. CIVI closed at $27.03 today & I sold October 16 $30 calls for $3.80 Hypothetically, let's say the deal closes on Monday, February 23 & shares are trading below the strike price of $30 (haven't been assigned/called away) What happens to the options ? Share this post Link to post Share on other sites
