[roflyear]

Market is not always rational. Also it could take years and years for the deal to go through. It would require Twitter to sue musk and everyone to come to some kind of settlement. That settlement would likely be less than the price but not much less. Maybe a few percent less.

It is also Musk. People know he's insane so that is an additional hit to the price. They know he'll do anything to get out of the deal. Doesn't mean he will.

[icedchai]

If you really believe the deal will go through as written, buy calls a couple years out. Anything is possible.

[roflyear]

True. I am not sure I really believe that. I think that is why the price is lower. My head knows the deal should go through - but I also know crazier things have happened.