I'm so bad at this my PYPL calls went DOWN becuse the strike is higher than the adquisition bid price.

I bought 2 December'26 $65 calls for .90 a week ago, and I expected to wake up to some phenomenal gains. Come to learn, the tender offer bid is at 60.50, so the market only really rewarded calls with strikes below that. My one seemingly lucky trade turned out to be nothing of the sort.

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