Discussion in 'Options' started by trader3, Nov 28, 2007.
What is the story with these? They are not showing up.
GDF and RIG merged.
The final cash entitlements of the GSF & RIG Common Share components of the OIH are distributed to OIH shareholders with today being the ex-distribution date. The final distribution ratio is $1,043.1785 <$10.43> per 100 share round lot of OIH.
I'm still trying to figure out how all this affects me...
A result of ex-date is that the standard 100 share option contracts will NOT trade on ex-date, only the adjusted will trade. Ex +1 the standard 100 shs deliverable will come back for trading in a tapered fashion (5 deviations form ATM). Keep this in mind with rights issues, depending on your position you could stand to get hurt big time.
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