ATVI question


I have recently started testing my hand with different options on a smaller account. I normally sell pretty much as soon as profits are made.

I bought ATVI covered calls with 80$ strike expiring June 17th for 1.88$.

Since the Microsoft deal annoucement, I have no clue what to do. I could lock in profits now like I usually do, but being fairly confident the deal goes through for 95$ per share I am wondering about other options.

Am I better off exercising at expiry and holding for 95$? Having only ever sold them, I have no idea how this even goes?

Thank you for any information.


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