What i really believe is happening is Elon Musk wants a better price for Twitter, in the $44-45 area instead of the initial $54.50. And he will get it. The earnings won`t be strong, we could even see revisions. My buy area is between $31 and $34 and the buyout price $44. i think you can win both ways if you play an option strangle with 6 months expiration date.
@CryptoFundManager For example, I would be sell both call & put at 37 strike, Exp Dec 16, 2022. If I were reading you correctly on: "i think you can win both ways if you play an option strangle with 6 months expiration date." - Just use an example to make sure I understood the strangle, not to quote your words as financial advice.
@CryptoFundManager, Do you mean 3 days later is late for option? Ok, so for learning purpose, is my example (sell both call & put at 37 strike, Exp Dec 16, 2022) about right for this TWTR strangle setup?