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Ian
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I held 1 put option for 100 shares of USO that expires on May 8. Yesterday, USO underwent an 8:1 reverse stock split. My options are now for USO1 instead of USO, but what does that mean?

The putstrike price hasn't changed, so does that mean that my option will expire worthless as it's unlikely the stock will drop (significantly) to back below the strike price?

I held 1 put option for 100 shares of USO that expires on May 8. Yesterday, USO underwent an 8:1 reverse stock split. My options are now for USO1 instead of USO, but what does that mean?

The put price hasn't changed, so does that mean that my option will expire worthless as it's unlikely the stock will drop back below the price?

I held 1 put option for 100 shares of USO that expires on May 8. Yesterday, USO underwent an 8:1 reverse stock split. My options are now for USO1 instead of USO, but what does that mean?

The strike price hasn't changed, so does that mean that my option will expire worthless as it's unlikely the stock will drop (significantly) to back below the strike price?

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Ian
Ian
  • 185
  • 1
  • 1
  • 8

What happens to options held during a reverse stock split?

I held 1 put option for 100 shares of USO that expires on May 8. Yesterday, USO underwent an 8:1 reverse stock split. My options are now for USO1 instead of USO, but what does that mean?

The put price hasn't changed, so does that mean that my option will expire worthless as it's unlikely the stock will drop back below the price?