I was told the .50 calls turn into 3$ calls. So whatever call or put you had X6. 1 is 6 , 2 is 12 and so on. Once again, this is what I was told from another person. On Etrade it says a call or put for 100 shares is now only 16 shares also
That's why I traded up on Friday. Used the lowest number possible that was divisible by 6, but a number that still allowed me to own shares in even 100 blocks for options. I started to load the wagons, but it's what got me in trouble to start with. "Stupid is as stupid does!"