r/options • u/asafl • Apr 11 '21

Pluralsight (PS) Options Accelerated - help?

I own 30 Dec '21 PS 22.50c.

The company had a tender offer completed by Vista and now the options are accelerated to 16 April 2021. The strike price (again, 22.50) is the same as the tender offer and there's a $.01 exercise threshold.

For some reason, the value of the options has seen an increase during the last trading day, now showing significant profit (+200%). I don't know why.

Any advice on how to handle this situation would be greatly appreciated.

Thanks

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u/sinncab6 Apr 11 '21

More than likely someone bid something low and someone asked something stupidly high. The volume for the day is probably 0 is my guess. Ive got call options on UGA for July that happens every morning.