Monday, June 08, 2020 11:25:18 AM
Document from the clearinghouse.
https://drive.google.com/file/d/1x4MK6Y3tuhJlRNrMJZo9J53DcuDm3WAR/view?usp=sharing
Options are called GUSH2 from the old one...
They are worth 2 shares of the new GUSH instead of the normal 100 shares. Plus a very small sum of cash in lieu.
With the new multiplier for example (I called OCC to confirm this)
A $5 GUSH2 call is in the money at $240 share price. So you can calculate when your old contracts are in the money based on that number.
Another 50% gain and my GUSH2 $2.00 calls will be in the money.
All posts are opinions. I only take long positions on securities. Not a professional by any stretch.
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