Neutral/Negative Catalysts
- Upside is capped at (or extremely near) $70 while deal risk remains non-zero (timing, closing mechanics, unforeseen conditions).
- Put-heavy open interest can indicate continued hedging against a small probability of adverse outcomes.
- Earnings calendar (QDEC 2025 on 2026-02-09) could introduce headline risk/confusion, though the pending acquisition may reduce its relevance (and the stock is still bounded by the deal value).