I have a basic understanding on options but this beats me. I bought 10 FLR AUG 175 C @ 9.7 this afternoon and tonight my position shows 20 FLR AUG 200 C. Broker tels me that options split in different way and my position is corect... Replace 175 strike price for 200 strike? This is absurd to me. Looks like the night people are novices, I will call tomorrow their option people. Is there any way in the world this to be true? Thanks, Agras
Quite sure 175 should convert to 87.5: http://www.optionsclearing.com/market/infomemos/2008/jul/24635.pdf