RIG options

Discussion in 'Options' started by traderTX, Apr 28, 2008.

  1. hey guys I know I'm new to options trading....but I was going through my list of stocks I like to trade and noticed RIG.....the odd thing was (to me anyway) the underlying was at 155 and the 140 calls were trading at 4.6.....what am I missing?
  2. There are two series of MAY calls indicating a possible adjustment or other event. I would go to the OCC website and look up RIG and look for news about adjusted options.

    The regular MAY 140 calls are trading at 17.30.
  3. thank you optionscoach.....can you give me a brief explanation of adjusted options? I'm a complete noob in options trading