Maybe this explains why another company just entered into a bidding war with Pfizer to acquire Metsera (MTSR).

Thank God, because my $60 strike call options just turned from a $55k loss to a $180k gain overnight. I shoulda read the CVRs BEFORE buying calls, but I was so blinded by the prospect of easy M&A arbitrage gains I couldn't risk missing out by taking 30 minutes to read the terms of the acquisition.

Glad I have the chance to quit while I'm ahead! Last time I ever fuck around with options trading!