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NEW SYMBOLS CORRECTION - QLGC

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CORRECTION NEW QLGC OPTION SYMBOLS

In the last blog I accidentally listed CALL option symbols for the QLGC position. IT should be PUT option positions as noted below:

PLEASE MAKE NOTE OF THE CHANGE

The following symbols have been changed to adjust for the 2:1 split

YOUR Original positions ADJUSTED POSITIONS after SPLIT (NEW SYMBOLS)

1 contract of QLC-OU March 37.5 =====> 2 contracts of QLC-OR March 18.75
1 contract of QLC-OG March 35 =====> 2 contracts of QLC-OW March 17.5

In addition the premiums for the new contracts will have been adjusted in 1/2 from the old premiums and then will again be subject to market supply and demand and normal pricing.


You will need to adjust every 1 contract of the old position to 2 contracts of the new adjusted strike price. Your Broker-dealer should show you the adjustment on you account activity screen no later then tomorrow.

Regarding this split: NO ACTION NEEDS TO TAKEN...

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