I sold a CC on ETHA before the 3 for 1 reverse split in October. My original strike price was $31. I had 100 shares before the split and now have 33 shares.
Am I correct that my contract is only for 33 shares now and that the new adjusted strike price is approx $93.93 now?
It’s confusing because it still shows the strike is $31 but after doing some research my understanding is that the calculation for the new price would be ($31 x 100) / 33 shares = $93.93 but I’m not certain that my understanding of all this is correct.
Anyone able to help me out and confirm that this looks right?
Thanks!