Hi all,I purchased long duration options on DWDP to capture the value creation of the split and I see they have been adjusted to reflect DOW1, but aren't they splitting into 3 companies? Will I end up with options on 3 entities? Thanks,Vince
Hey, Vince,Yeah, they'll have to adjust these again when Corteva and DuPont officially split, projected to be on 6/1. Then the exchange will show how this is being treated exactly. But we're getting a reverse split before then, so this is sure to cause more wonkiness in the option's final deliverable. They'll usually issue a ruling about a week or so before the spinoff actually happens. Jim
Thanks, as always, Jim!I'll take Obscure Options Rules for 200, Alex!
I would have LOVED that category!Jim
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