Good morning everyone. Hope all had a great Christmas.
This morning, the strike price of my WMC option changed. I bought 17.50 calls. They are now 17.28 calls, apparently, but Scottrade says there is no current value to them, although it also show current bid and ask prices. I check my Merill account and it also show 17.28.
I've done a bit of google-ing, but can't find an explanation for this. Can someone please educate me (again!)
I awoke today to be pleasantly surprised with my Jan22.50 short Puts being reduced to Jan22.28. That made me another 12 and 1/2 cents as it did your long Calls. The ones it hurt are those holding short Calls or long Puts. WMC is performing much better today than before the EX...go figure, and GO WMC!!