What will happen if I bought call option before ex-right
$ZIM Integrated Shipping (ZIM.US)$ My option is down 60% today，it looks incorrect cause the stock price is rising today. I know there will be dividend，but how about the option. Will it get dividend or price adjustment end of today？
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SeeAxe : Stock price is dropping, not rising. If you didn’t exercise the option before ex then you don’t get the dividend.
70661304 OP SeeAxe : If that，is that meaning I must sell my option before ex-right. Because if not， my option loses $17 value for each stock. So there is no reason buy a long term option before ex-right. Is that correct？
SeeAxe : Yes you should not be holding on to the option. Either exercise it or sell it.
70661304 OP SeeAxe : Gotchu. I made this mistake，so sad. I earned 150% yesterday，but I didn't sell. That‘s paid to learn this rule.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70661304 OP SeeAxe : I was thinking the option breakeven price will also cut down 17 same as the stock being.