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I have held ABSC in a self directed IRA for some years. I have been very happy with it since I sold some shares for enough to cover all costs of original investment plus a nice return. Then I sold options on the shares remaining in the IRA. So now I have shares with a no cost basis. NICE.

Does anyone have an opinion about the options play on this merger. Recently I sold calls on ABSC - option symbol udagw at 2.95 - prior to the merger announcement. If I had known about the merger I would have waited. Now, I am considering selling puts in my IRA to a cash position. Since the deal is not done until sometime later - 6 months - and could not make at all, which might be the more prudent trade.
1. for gaining the stock or,
2. for keeping the premium.

Any opinions or analysis are appreciated.

Thanks
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