About a week ago, I bought a few call options on HMHC in anticipation of a merge. The options have since become non-standard contracts. I received a somewhat ambiguous email from my broker informing me that my “contracts have been adjusted to reflect the following deliverable terms: $2100 cash.”
If I’m interpreting this correctly, the options contracts will be converted to $2100 cash each? Is this the case?
Any input is appreciated.
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