I bought ITM BABA calls a few weeks back and then got an email from my broker about dividends being issued and that impacting the option.
My BABA option is now labeled BABA1 and my calls volume has dropped dramatically. The pricing also doesn’t seem to reflect where the stock is at today. Delta is 0.6 but stock went up $1.5 but option just went up 10 cents (could be due to volume).
I’ve never had this happen before. Can someone please provide a bit more info on what’s going on here and will this call ever get back to be being a normal “BABA” call?
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