I hope it’s the right forum, I’m new to options and maybe someone can help me understand the following:
SYNGENTA is bring acquired for $93.5 and de-listed on June 2017. Why the put options are traded so high. for example
Dec 15 ’17 $90 Put SYNGENTA AG SPONSORED ADR is traded for $4.
Does it mean that if I sell Put now for $4 in few weeks when the company de-listed actually the option will expire worthless and I’ll keep the $4?