$ACIA  strong relative strength wrt $SPX 
 
#mergerarb spread tightening  as deal nearing the close. 

Those $ACIA   65 Puts for June / Aug / Nov are juicy to write as they will expire worthless - similar to  $RARX  40, 45 puts, which expired worthless!

#bullish https://t.co/qo5juZvqwA