Ok, polyglots, one last try: I buy a LEAPS put on the day it starts trading and hold it until it expires. I buy it ATM. Because of the nature of the underlying, the put slowly increases in value but at about half way to expiration, the underlying reverse splits, say 10 for 1, which curtails volume in the put, as a new series is introduced. Do I hold though the reverse split? Any caveats? If not, when is the best time to sell, if the price increase is steady, as in the decay?
