I'm assuming that my net take-away from this action is pretty much even - "Option Adjusted, Contract deliverable is 100 shares XCO, 100 shares XCORT". Except perhaps this position is more leveraged than before? Any insight is appreciated.
Keep rotating on there pushes down.
I guess what I'm really wondering is... are my Jan 18 $6 call options really worthless at this point?
I suspect $6 be high risk, rotate $5.
Can't speak for you calls but as a shareholder I expect nothing from XCO but more languishing for the foreseeable future. Unless the supply/demand equation makes a big move in out favor.