OIH options?

Quote from trader3:

What is the story with these? They are not showing up.
Thanks.
More...


GDF and RIG merged.

From Briefing.com:

The final cash entitlements of the GSF & RIG Common Share components of the OIH are distributed to OIH shareholders with today being the ex-distribution date. The final distribution ratio is $1,043.1785 <$10.43> per 100 share round lot of OIH.

I'm still trying to figure out how all this affects me...


:confused:
 
A result of ex-date is that the standard 100 share option contracts will NOT trade on ex-date, only the adjusted will trade. Ex +1 the standard 100 shs deliverable will come back for trading in a tapered fashion (5 deviations form ATM). Keep this in mind with rights issues, depending on your position you could stand to get hurt big time.
 
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