I have alot of jan 13 1 dollar calls and how do they reprice these options with this reverse split deal they have done. I havent seen any change in pricing but now in my acct they say i have an adjusted to "16 shares deliverable" per contract instead of 100 shares.... Can anyone add to how these options will price out with 2.80+ share price....... Never been in this situation before but i took the risk of buying options instead of stock. Thanks for reading this thread.... G/L investors....
Yes I have calls on Etrade also. Says now worth 164930 shares at a price of 3.12 I believe we got screwed out pf alot of money. I have 90 .50 July calls. They went up .10 on Tuesday and I only gained 3 hundred something. When I bought them each .05 was 5 hundred plus.
I don't understand their pricing either but 100shares/contract divided by 6 (1:6 r/s) comes to 16.667 shares per contract at 6 times the $1.00 (One would think) but there are no six dollar calls for the LEAP call of Jan 2013, I only see 2.5s, 5s and 7.5s and they haven't credited my account yet either.
Thanks for your replies... I am glad to see i am not the only one with this question as it relates to options.... I still believe some sort of deal will be done here with BPAX before the end of the year that will move the pps much higher so i can unwind this trade for a profit... Wishful thinking right? This has been maniuplated by shorts for so long i believe we would have a massive short squeeze due to the R/S but i have yet to witness that happen..... Thanks for your replies! Happy Trading