yabz Jun 8, 2006 #1 I sold some july 70 puts on NUE in April. At the end of May they were split 2:1 for July 35 puts. I've never heard before of splits on options. Is this a common occurrence?
I sold some july 70 puts on NUE in April. At the end of May they were split 2:1 for July 35 puts. I've never heard before of splits on options. Is this a common occurrence?
D DynamicReplic8r Jun 8, 2006 #2 Yep, when the stock splits (or the company issues stock dividends), the options are adjusted, or "made whole" as they say.
Yep, when the stock splits (or the company issues stock dividends), the options are adjusted, or "made whole" as they say.
