I bought March calls for PACB and they're in the money. Since then they agreed to be purchased by ILMN ($8/share cash). I would have thought the extrinsic value would be 0 because the future value is a known quantity but apparently it's not as the options are on the market with a spread between bid and ask. I guess that reflects "it ain't over till it's over." (Is that correct?)
Should I just close it or is there any great reason to wait?
Submitted November 30, 2018 at 10:55PM by dethpicable https://ift.tt/2PeytbE
