So I have a 1/16/2010 call option that was listed as a $5 strike before the reverse stock split (ticker UZLAA). I see they have listed new options since the split. Is this option now worthless?
I thought options adjusted for stock splits?
When I look at a 3-6 month or yearly chart, the leveraged ETF's seem to track the unlevered index. For example, I posted a 6 month chart for IYF vs UYG and it seems to match up. I understand that UYG is twice the *daily* movement but that seems to correspond over the long term.
What am I...
I'm a qualified buyer and I wouldn't lock myself into a 30 yr mortgage at 6.75%. Just too high-- not by historical measures I know but high for the current environment. So, I'll be "sidelined" till the banks decide it's okay to lend again.
They posted earlier on their website that they were having traffic issues. I had trouble this morning for about 10 min and then logged in. It was still up as the market closed. Maybe try again?