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Izzard

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  1. Izzard
    For some reason the new deliverable for old CHK options - now CHK1 options, is a fixed cash amount... so it doesn't matter what the stock price is. memo #46878 from theocc.com New Deliverable Per Contract: $16.56 Cash (0.5 x $33.128)
  2. Izzard
    I think options stop trading after Friday and will cash settle based on the liquidation value at an accelerated date. Those are likely out of the money and worthless but if the ETN runs up today or tomorrow... could be good to have a couple. Someone just bought about 1,300 for a dime on the Amex.