Bonus - Straddle on FMTX

I was looking over FMTX on Wed. I decided to make a purchase on Thursday morning. The price jumped way up and I could not find any news. I decided it might be a good candidate for a straddle. The straddle only cost me $30.00. After I made the trade and about finished my editing, the news popped up that FMTX has a buyout offer from a Swedish drug company. I could have closed it out and made a $16.00 profit about closing bell. I WAS very optimistic on this one UNTIL I read the news.