I closed a deep in the money call for a small gain.
music selection: “Hello, Goodbye” — The Beatles
On 5APR2021, I bought one deep in the money call on MDLA at the 15 strike for 17.00 at the 20JAN2023 expiry. I had high hopes and was willing to make a small leveraged bet. It was recently announced that MDLA has accepted an all cash offer to be taken private at 34 per share. I sold my call this morning for 18.80. I booked 180 in profit on 1,700 capital put at risk for 113 days. It is hardly worth noting except for the fact this raises more cash to deploy in the event of a major correction.
Devour your prey raptors!