I am short these PUTs so they cannot give me cash and unlikely to take cash so I guess they could simply assign it prior to reverse split.

SPY did that right, recovered 55% of losses from ATH? So they’re saying we’ve seen the bottom?

usually fractions get credited to your account in cash, however I have seen fractions of a share given as well. Most are cash I think

USO does reverse split 8:1 next week and has modified its objective not to hold near term contracts.

Does anyone know what happens to someone who holds options on it and in a number not divisible by 8? eg. say 20 of the May $4.5 PUTs

How many depressions have we had in the last 100 years with 5 years of tax receipts injected into the markets at the low? I lived in Spain from 2010 to 2014 and I was surprised how much market intervention they had coming out of the 2008-2009 crash (in particular the government and the banks did all kind of gymnastics to prop up the real estate market). The result of that was a long slow decline. On the other hand the downward adjustment was sharper in the US, but so was the growth coming out. Net net, I think the Fed+Treasury are setting us up for a loooong decline and a long recovery. And the nature of the underlying issue only foments a drawn out ordeal: COVID is going to depress the economy for the next year plus… the Fed+Treasury are going to run out of fire power… how deep can they go before the whole system implodes? 20 years of tax receipts worth of market interventions???

Same here in Etrade its insane they love to let us loose opportunities for tiny guys like us