I was hoping someone could assist me.
I have sold June 2011 $38 ASX PUT options
I am wondering the effect of the potential merger with SGX.
- Assume the merger goes through in current form then would this option contract expire worthless?
- Another scenario: say a company was going to buy out ASX for cash @ $48.00 per share would I be right in saying that the options would also expire?
- What it the buy out price was $36.00 where my PUT options which I have sold are $38.00 ? what would be the effect then?
Thanks, appreciate your assistance.
sold put options
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