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$KALA BIO (KALA.US)$ whats up with the options on this? the ...
$KALA BIO (KALA.US)$ whats up with the options on this? the calls havent budged.
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Retro Mike : Options are pre reverse split not trading.
Argymazing OP Retro Mike : That only effects how many options you have in quantity, no? The percentage still goes up, no?
Retro Mike Argymazing OP : It was a 1:50 reverse split so the $2.50 calls would need to hit $125 just to be ITM. Pretty much any of these old options purchased before the stock split are worthless. Looks like the will write new options soon not sure when.
Argymazing OP Retro Mike : Ah I see. Was doing researched myself on these. Weird that the reverse split happens in October and this is still purchasable. Thank you kindly for clearing that up for me.