Hi All,
Regarding USO - I am struggling to understand the calculation for the non-standard options to determine the ITM point with the current price. I have a complex position I am unwinding with the nonstandard options at $2.50 calls (12/100 $8.18).
Given the 1-8 reverse split, $2.50 *100 / 12 = $20.833 as the equivalent strike price I thought I was tracking. However it is currently trading $20.70 and still shows that non standard $2.50 call as in the money. Can anyone elaborate on what I am missing?
Thx
Regarding USO - I am struggling to understand the calculation for the non-standard options to determine the ITM point with the current price. I have a complex position I am unwinding with the nonstandard options at $2.50 calls (12/100 $8.18).
Given the 1-8 reverse split, $2.50 *100 / 12 = $20.833 as the equivalent strike price I thought I was tracking. However it is currently trading $20.70 and still shows that non standard $2.50 call as in the money. Can anyone elaborate on what I am missing?
Thx
