dumb question concerning stock options

[omer]

Hello
i was given 35000 TSE stock option shares with the company i work for at
$7.74 a share in Canadian dollars

the company has just been bought out by a private company with trading closing at $7.00 dollars for all shares and options in 2 weeks.

so basically .. i get 0 dollars because my options are priced higher then the final price ???

i have the worse luck in the world and to be honest i am a little pissed seeing as others got options a few months later at $3.40.
they have not exercised their option and now they are getting $3.60 per share in a few weeks for free.

i am getting nothing , am i correct ?

Thanks

[JasonM]

Sorry to hear about your bad luck Omer. If you want to learn more about stock options and really gain a deep understanding about how you can make the most returns, I highly recommend a new book i came across "The Power Curve" by Scott G Kyle. Hopefully your luck will turn around. Definitely give the book a try.

[barkerfinance]

I visited the website for the power curve. Its a VERY new book. Can you elaborate more on what the book is about and why you would recommend it.

[barkerfinance]

I just read the first chapter of the power curve online and thought it was pretty good. Just the first chapter the the first two "Power Tips" made me realize how little i know about stocks derivatives and compounding. I am thinking about ordering but i really dont like to order things online. make sure you give the book a try. I really changed the way i though about trading the set of strategies i've adopted of the decade.