This morning I looked at the SEC filings and saw that yesterday, Barracuda Networks (CUDA) announced it was being acquired by PE, Thoma Bravo for $27.55 per share or $1.6B total dollar deal.
And then guess what happened?
The share priced jumped from 23.68 to 27.60, or about 16.55%
BUT the Dec 15 Call Options, as of today (11/28) were:
| 2.60 | +2.46 | +1,757.14% | 35 | 116 | 25.00 |
Not sure about you, but I'd rather make 1757% on my investment than 16.55%
But not this time. :(