Hi guys
I have placed a stock option (covered calls) on certain stocks that I own. (300 units)
I did 3 covered calls at a strike price of 5.5 which expires on the 9/9/23.
However there was a reverse stock split 10:1 and I ended up having to automatically liquidate my other stocks in my broker account.
Can someone explain to me why?
The strike price did not change at all and I am now sitting at 30units.
I am so afraid of a margin call because I do not have a lot of money. Please help
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