Was checking my Robinhood account and realized my $PSIL calls went to zero after the company’s reverse split and the purchasing of options has been halted. Checked several websites and they all show every $PSIL call having a value of zero. Anyone know what’s going on?
$PSIL Options losing 100% of value
byu/Waste-Remote9932 inoptions
Posted by Waste-Remote9932
1 Comment
Your old PSIL options have been adjusted. They are now PSIL1 options. The strike price has not change, but they now only deliver 10 shares instead of the usual 100.
Here is the OCC memo explaining,
[https://infomemo.theocc.com/infomemos?number=55136](https://infomemo.theocc.com/infomemos?number=55136)
Both the adjusted options and the new, non adjusted options are trading.
If you tell us what specific calls you have, we can give you more information.