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What happened to my GE option?
Option on an option possible? (Have a LEAP, put to me?)What is a long option?Understanding option commission costsWhy at the money option has higher theta than out of money optionQuestion about option premiumsOption termination by sellerCall option buy/sell and put option buy/sellWhat is option execution?Selling in the money optionDoes option demand influence option price?
I had contracts of GE1210115C17 that I went to check on this morning. The option is gone with the following entries in my bank activity log:
02/26/2019 XXXXXXXJJ DISTRIBUTION - Details (Opens Pop-up Layer) (Negative XX.000) $0.0000 $0.00
02/26/2019 GE1210115C17 DISTRIBUTION - Details (Opens Pop-up Layer) XX.000 $0.0000 $0.00
If I click 'details' the only interesting information is that the transaction is "corporate action". All values are set to 0.
What happened?
options
asked 2 hours ago
horse hairhorse hair
1,79221729
add a comment |
I had contracts of GE1210115C17 that I went to check on this morning. The option is gone with the following entries in my bank activity log:
02/26/2019 XXXXXXXJJ DISTRIBUTION - Details (Opens Pop-up Layer) (Negative XX.000) $0.0000 $0.00
02/26/2019 GE1210115C17 DISTRIBUTION - Details (Opens Pop-up Layer) XX.000 $0.0000 $0.00
If I click 'details' the only interesting information is that the transaction is "corporate action". All values are set to 0.
What happened?
options
asked 2 hours ago
horse hairhorse hair
1,79221729
Maybe ask your broker?
– quid
2 hours ago
add a comment |
I had contracts of GE1210115C17 that I went to check on this morning. The option is gone with the following entries in my bank activity log:
02/26/2019 XXXXXXXJJ DISTRIBUTION - Details (Opens Pop-up Layer) (Negative XX.000) $0.0000 $0.00
02/26/2019 GE1210115C17 DISTRIBUTION - Details (Opens Pop-up Layer) XX.000 $0.0000 $0.00
If I click 'details' the only interesting information is that the transaction is "corporate action". All values are set to 0.
What happened?
options
asked 2 hours ago
horse hairhorse hair
1,79221729
I had contracts of GE1210115C17 that I went to check on this morning. The option is gone with the following entries in my bank activity log:
02/26/2019 XXXXXXXJJ DISTRIBUTION - Details (Opens Pop-up Layer) (Negative XX.000) $0.0000 $0.00
02/26/2019 GE1210115C17 DISTRIBUTION - Details (Opens Pop-up Layer) XX.000 $0.0000 $0.00
If I click 'details' the only interesting information is that the transaction is "corporate action". All values are set to 0.
What happened?
options
options
asked 2 hours ago
horse hairhorse hair
1,79221729
asked 2 hours ago
horse hairhorse hair
1,79221729
asked 2 hours ago
horse hairhorse hair
1,79221729
asked 2 hours ago
horse hairhorse hair
1,79221729
asked 2 hours ago
horse hairhorse hair
1,79221729
1,79221729
Maybe ask your broker?
– quid
2 hours ago
add a comment |
Maybe ask your broker?
– quid
2 hours ago
Maybe ask your broker?
– quid
2 hours ago
Maybe ask your broker?
– quid
2 hours ago
add a comment |
2 Answers
2
active
oldest
votes
GE's Merger with Wabtec (WAB) was completed, which means that the 100 shares you have an option on now include a cash component, and are "non-standard". It's possible that your broker sold (closed) these options for you since they'll be harder to sell in the open market, but it's hard to tell from what you've given. Based on the identifier, you seem to have $17 calls, which would be mostly worthless since the GE stock is at about $10 per share and the cash for the WAB stock amounts to only about $40 (or 0.40 per GE share since the option contract is for 100 GE shares).
From the OCC announcement:
NEW DELIVERABLE
PER CONTRACT:
- 100 General Electric Company (GE) Common Shares
- Cash in lieu of approximately 0.5403 fractional WAB shares
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
add a comment |
A corporate event has resulted in the adjustment of some GE options today.
I can't provide the link because since I am registered with the OCC, the link page includes my name. If you google " GE component of the GE1/1GE1/2GE1 ", it will bring up a link to the OCC memo.
If you own one of the adjusted symbols, your previous position will be gone and it will have been replaced by a new symbol.
The best thing to do is to contact your broker.
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
add a comment |
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2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
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active
oldest
votes
GE's Merger with Wabtec (WAB) was completed, which means that the 100 shares you have an option on now include a cash component, and are "non-standard". It's possible that your broker sold (closed) these options for you since they'll be harder to sell in the open market, but it's hard to tell from what you've given. Based on the identifier, you seem to have $17 calls, which would be mostly worthless since the GE stock is at about $10 per share and the cash for the WAB stock amounts to only about $40 (or 0.40 per GE share since the option contract is for 100 GE shares).
From the OCC announcement:
NEW DELIVERABLE
PER CONTRACT:
- 100 General Electric Company (GE) Common Shares
- Cash in lieu of approximately 0.5403 fractional WAB shares
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
add a comment |
GE's Merger with Wabtec (WAB) was completed, which means that the 100 shares you have an option on now include a cash component, and are "non-standard". It's possible that your broker sold (closed) these options for you since they'll be harder to sell in the open market, but it's hard to tell from what you've given. Based on the identifier, you seem to have $17 calls, which would be mostly worthless since the GE stock is at about $10 per share and the cash for the WAB stock amounts to only about $40 (or 0.40 per GE share since the option contract is for 100 GE shares).
From the OCC announcement:
NEW DELIVERABLE
PER CONTRACT:
- 100 General Electric Company (GE) Common Shares
- Cash in lieu of approximately 0.5403 fractional WAB shares
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
add a comment |
GE's Merger with Wabtec (WAB) was completed, which means that the 100 shares you have an option on now include a cash component, and are "non-standard". It's possible that your broker sold (closed) these options for you since they'll be harder to sell in the open market, but it's hard to tell from what you've given. Based on the identifier, you seem to have $17 calls, which would be mostly worthless since the GE stock is at about $10 per share and the cash for the WAB stock amounts to only about $40 (or 0.40 per GE share since the option contract is for 100 GE shares).
From the OCC announcement:
NEW DELIVERABLE
PER CONTRACT:
- 100 General Electric Company (GE) Common Shares
- Cash in lieu of approximately 0.5403 fractional WAB shares
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
GE's Merger with Wabtec (WAB) was completed, which means that the 100 shares you have an option on now include a cash component, and are "non-standard". It's possible that your broker sold (closed) these options for you since they'll be harder to sell in the open market, but it's hard to tell from what you've given. Based on the identifier, you seem to have $17 calls, which would be mostly worthless since the GE stock is at about $10 per share and the cash for the WAB stock amounts to only about $40 (or 0.40 per GE share since the option contract is for 100 GE shares).
From the OCC announcement:
NEW DELIVERABLE
PER CONTRACT:
- 100 General Electric Company (GE) Common Shares
- Cash in lieu of approximately 0.5403 fractional WAB shares
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
answered 1 hour ago
D StanleyD Stanley
55.4k9164168
55.4k9164168
add a comment |
add a comment |
A corporate event has resulted in the adjustment of some GE options today.
I can't provide the link because since I am registered with the OCC, the link page includes my name. If you google " GE component of the GE1/1GE1/2GE1 ", it will bring up a link to the OCC memo.
If you own one of the adjusted symbols, your previous position will be gone and it will have been replaced by a new symbol.
The best thing to do is to contact your broker.
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
add a comment |
A corporate event has resulted in the adjustment of some GE options today.
I can't provide the link because since I am registered with the OCC, the link page includes my name. If you google " GE component of the GE1/1GE1/2GE1 ", it will bring up a link to the OCC memo.
If you own one of the adjusted symbols, your previous position will be gone and it will have been replaced by a new symbol.
The best thing to do is to contact your broker.
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
add a comment |
A corporate event has resulted in the adjustment of some GE options today.
I can't provide the link because since I am registered with the OCC, the link page includes my name. If you google " GE component of the GE1/1GE1/2GE1 ", it will bring up a link to the OCC memo.
If you own one of the adjusted symbols, your previous position will be gone and it will have been replaced by a new symbol.
The best thing to do is to contact your broker.
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
A corporate event has resulted in the adjustment of some GE options today.
I can't provide the link because since I am registered with the OCC, the link page includes my name. If you google " GE component of the GE1/1GE1/2GE1 ", it will bring up a link to the OCC memo.
If you own one of the adjusted symbols, your previous position will be gone and it will have been replaced by a new symbol.
The best thing to do is to contact your broker.
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
answered 1 hour ago
Bob BaerkerBob Baerker
16.4k12349
16.4k12349
add a comment |
add a comment |
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Maybe ask your broker?
– quid
2 hours ago