Leaps

[katytrader]

I own some 40 strike calls for January.  If the deal is voted yes in September, would I have to exercise these in September or could I wait until January and then get the CVR at that time?

  I believe in this kind of situation the January options will have the expiration date advanced, date yet to be determined.  I would think that you would need to be careful to ensure ownership of the IOC shares to conform to the requirement for the share exchange, but the options clearing house might force you do that properly  by its choice for the new expiration date.