Tuesday, May 23, 2023 3:35:54 PM
Option Contract Adjustments: Fidelity has a page (link below) that gives a few examples of when strike prices, etc., will be adjusted. In this case, the pertinent ones seem to be if there's a special div of $.125 or more (that makes me guess some rule went into effect when we were still using fractions and before pricing went to decimals, as .125 would be 1/8th)
https://www.fidelity.com/learning-center/investment-products/options/contract-adjustments
https://www.fidelity.com/learning-center/investment-products/options/contract-adjustments
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