What happened to my GE option?
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 4 hours ago
horse hairhorse hair
1,79721729
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 4 hours ago
horse hairhorse hair
1,79721729
Maybe ask your broker?
– quid
3 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 4 hours ago
horse hairhorse hair
1,79721729
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 4 hours ago
horse hairhorse hair
1,79721729
asked 4 hours ago
horse hairhorse hair
1,79721729
asked 4 hours ago
horse hairhorse hair
1,79721729
asked 4 hours ago
horse hairhorse hair
1,79721729
asked 4 hours ago
horse hairhorse hair
1,79721729
1,79721729
Maybe ask your broker?
– quid
3 hours ago
add a comment |
Maybe ask your broker?
– quid
3 hours ago
Maybe ask your broker?
– quid
3 hours ago
Maybe ask your broker?
– quid
3 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 3 hours 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 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "93"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105803%2fwhat-happened-to-my-ge-option%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
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 3 hours 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 3 hours 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 3 hours 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 3 hours ago
D StanleyD Stanley
55.4k9164168
answered 3 hours ago
D StanleyD Stanley
55.4k9164168
answered 3 hours ago
D StanleyD Stanley
55.4k9164168
answered 3 hours 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 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
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 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
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 3 hours 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 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
answered 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
answered 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
answered 3 hours ago
Bob BaerkerBob Baerker
16.4k12349
16.4k12349
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
add a comment |
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
What??? You mean your names is not Bob Baerker???
– AbraCadaver
24 mins ago
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105803%2fwhat-happened-to-my-ge-option%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Maybe ask your broker?
– quid
3 hours ago