If i owned Sirius stock options before the merger. What happens to them now?

Question

The two call options are as follows:

QXOIG.X sep 08 call at 3.00 strike

QXOAA.X jan 08 call at 5.00 strike

Answer 1

My predict is the options will expire worthless.

They are losing money, and have a ton of debt.

http://finance.yahoo.com/q/is?s=SIRI&ann...

Answer 2

Nothing has happened to these two options. They are still trading. They have not been adjusted.

As the owner of the options you have the choice of letting them expire, exercising them or selling them.

Answer 3

I just bought some SIRI stock at $1.58.  Do you think it will hit $3 by September 8?