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Can someone explain these non-standard options to me?

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johnnyb61820   Thursday, 07/19/18 09:15:15 PM
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Can someone explain these non-standard options to me? For KDP Nov 16 there is a 75 strike Call with a bid of 52.90. In the notes it says, "$10375.0 cash in lieu of shares, 100 shares of KDP". What does that mean? How is this option settled? What do the terms mean? How is the "in-the-moneyness" determined?

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