Here is what is going to happen to your Twitter options
Since $Tesla(TSLA.US$'s Elon Musk is buying all $Twitter (Delisted)(TWTR.US$ shares for $54.20. All your options contract will change from delivering 100 shares of Twitter to deliver $5,420.
So to put it in simple terms, all the Twitter option contract is now just for buying and selling $5,420.
So please don't buy those CALL option with a strike price at 55 and above, you are just throwing money away. Why would you want to pay $5,500 for $5,420?
Please don't buy those PUT option with a strike of 54 and below, you are throwing money away. Why would you want to sell $5,420 for $5,400?
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