Registered: Jun 2012
06-21-12 04:50 AM
Ok, so after reading the attached file i get that 1 UNG2 option contract holds 25 shares of UNG.
Just to verify that i got this right, let's take the July 10 UNG2 Put Option.
It's currently with a bid for $5.60. So if I were to sell this put, I would just need UNG to close above $10 at expiration to collect the full premium? And even if it does close below, I would only have to buy 25 shares at $10 a piece.
Sorry if this seems fundamental, but I just want to verify in case I'm missing something with this reverse split.