Now if you grab a put on us you have to sell before the spli...
Now if you grab a put on us you have to sell before the split or your option will expire worthless
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70065450 : oil is definitely high risk!
Trader-101 OP 70065450 : I'm not betting on whether it's going to do good with the oil it's most certainly going to do bad because they're doing a reverse split
Sammy_N : what's the strike price you picked?
MertasihIluhnita : @KnowledgeIsPowerwhat is reverse split ? Thank you
smarttrade : how about call? I have many calls for october. please advise
smarttrade : @KnowledgeIsPower please advice on how to proceed with this
Trader-101 OP MertasihIluhnita : reverse split is when they take a bunch of shares what they're doing they're taking 200 shares and they're giving you one back for the same monetary amount so it doesn't change what you have invested but what it does sellers don't like to get caught up in that so they dumped it massive amounts all at once they pull out
Trader-101 OP smarttrade : no don't keep your call options when they do that reverse split whatever options you have will be worthless $0 you'll get nothing back
Boadie : I bought a thousand shares this morning and I'm down $375. Do I cut and run or wait? I always appreciate your info you are the man
Trader-101 OP Boadie : I would say I narrow stop loss and I would let it ride
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