Summary by Moomoo AI
Alibaba Group Holding Limited's options, under the adjusted option symbol BABA1/2BABA1, have undergone an adjustment as detailed in OCC Information Memo #54634, dated June 13, 2024. The adjustment includes a new deliverable per contract, which consists of 100 Alibaba (BABA) American Depositary Shares and a cash component of approximately $66.00, less any applicable fees. The cash distribution, which was delayed, has been finalized at $0.66 per BABA share held. From June 13, 2024, to July 12, 2024, Put exercisers and Call assignees are required to deliver the appropriate cash amount. The strike prices of the options remain unchanged, and the multiplier is set at 100. Settlement of the BABA component was processed through the National Security Clearing Corporation (NSCC), while the cash component will be settled by OCC. The pricing for the options will be the sum of the BABA closing price plus $0.66. The Options Clearing Corporation (OCC) has made it clear that the information provided is for convenience and is not responsible for its accuracy or completeness, advising investors to independently verify all information related to the corporate event.
