I'm by no means expert so excuse me if I'm using wrong verbiage.
Say you have put options with option to sell stock at $100 p/s which expires in one year from today.
Say a company proposes to buy that particular company within 3 months for $50. And the purchase is approved and imminent.
Am I correct this has no relevance to options. That up until the actual acquisition date I can exercise my options and get the $100 p/s.
Thank you.